Multiple Choice
Before about 1975
A) any federal deficits were at least 5 percent of GDP.
B) most federal deficits were less than 2 percent of GDP.
C) the federal government never ran deficits.
D) the federal government always ran a surplus.
E) any federal deficits were at least 7 percent of GDP.
Correct Answer:
Verified
Correct Answer:
Verified
Q18: The federal government<br>A) runs a deficit when
Q19: Under what condition can the U.S.government continue
Q20: Which factors led to the large rise
Q21: Over the past several decades,federal transfer payments
Q22: Countercyclical fiscal policy can<br>A) only be employed
Q24: "Rolling over" the debt means<br>A) to repay
Q25: A key tool of countercyclical fiscal policy
Q26: We expect a rise in transfer payments
Q27: The national debt<br>A) is currently greater than
Q28: In an expansion,tax payments tend to increase