In the United States, since the Great Depression, the federal government has:
a. run budget deficits only in periods of recession

b. run a budget deficit in almost every year.
c. practiced a policy of annually balancing the budget.
d. run budget deficits only in wartime.
e. run a surplus in most years.

b

Economics

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Suppose a lottery ticket costs $1and has a jackpot of $1 million. What must the probability of winning nothing be if the bet is fair?

a. 99% b. 99.9% c. 99.999% d. 99.9999%

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