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    Macroeconomics Study Set 27
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    Exam 13: Fiscal Policy Appendix Taxes and the Multiplier
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    Over the Past Few Decades in the United States, Large
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Over the Past Few Decades in the United States, Large

Question 267

Question 267

Multiple Choice

Over the past few decades in the United States, large federal budget deficits most often have been caused by:


A) decreased spending on welfare payments.
B) excessive spending by the state governments.
C) a depressed economy.
D) excessive tax increases.

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