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    Economics Principles and Policy Study Set 2
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    Exam 32: Budget Deficits in the Short and Long Run
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    From 2004 to 2008, the Federal Budget Deficit, on an Official
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From 2004 to 2008, the Federal Budget Deficit, on an Official

Question 118

Question 118

Multiple Choice

From 2004 to 2008, the federal budget deficit, on an official fiscal-year basis, was


A) large and growing larger.
B) "negative," that is, the budget was in surplus.
C) declining.
D) increased by the rising Social Security deficit.

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