Multiple Choice
Which of the following statements is correct?
A) Federal deficits were larger in the early 2000s than in the late 2000s.
B) Deep tax cuts always expand tax revenues and reduce the public debt.
C) The public debt has usually declined during wartime.
D) There is a tendency for the public debt to grow during recessions.
Correct Answer:
Verified
Correct Answer:
Verified
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