Which of the Following Statements Is True

Multiple Choice

Which of the following statements is true?

A) The national debt was eliminated in 1998.
B) Demand-side policy cannot be used to slow down an economy.
C) Demand-side stimulation typically provides more immediate help to low-income citizens more than does supply-side stimulation.
D) The highest budget deficit in U.S.history was $59 billion.
E) Demand-side policy suggests that government spending should increase more during and economic recession than an economic depression.