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    Economics Principles and Policy Study Set 1
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    Exam 33: Budget Deficits in the Short and Long Run
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    During the Late 1980s and Early 1990s, Most of the Budget
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During the Late 1980s and Early 1990s, Most of the Budget

Question 47

Question 47

Multiple Choice

During the late 1980s and early 1990s, most of the budget deficits were accounted for by


A) the decline of foreign investment in the United States.
B) the downturn in the economy.
C) deliberate fiscal policy changes.
D) All of the above are correct.

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