Which of the Following Statements Is True

Multiple Choice

Which of the following statements is true?

A) The national debt was eliminated in 1998.
B) The chair of the Fed creates the president's budget on an annual basis.
C) Keynes advocated government spending to counteract an economic downturn.
D) The highest budget deficit in U.S.history was $59 billion.
E) The Congressional Budget Office creates the president's budget on an annual basis.