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What Important Lesson Did American Economists Learn in the 1980s

Question 109

Multiple Choice

What important lesson did American economists learn in the 1980s and again in 2001-2003?


A) Large tax cuts can lead to a balance of trade surplus.
B) Large government budget deficits can crowd out consumption.
C) Large government budget deficits can bankrupt the nation.
D) Large government budget deficits can crowd out net exports.

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