Asked by Queen Jenni on Apr 27, 2024
Verified
During the 1980s,
A) both the national debt and the deficit increased.
B) neither the national debt nor the deficit increased.
C) the national debt increased while the deficit decreased.
D) the national debt decreased while the deficit increaseD.
E) the national debt was the same thing as the deficit and it increased.
National Debt
The sum of funds that a nation's government has acquired through different borrowing methods.
Deficit
A financial situation where expenses exceed revenues, income, or assets for a certain period, often referring to government budgets.
- Apprehend the association between initiatives in fiscal policy and their influence on the fiscal balance, public debt, and outcomes in the economy.
- Contrast the national debt with the budget deficit, understanding the long-term repercussions of each.
Verified Answer
TO
Trevor OuimetApr 27, 2024
Final Answer :
A
Explanation :
During the 1980s, both the national debt and the deficit increased significantly. The federal government implemented policies that resulted in large deficits, which in turn caused the national debt to grow to unprecedented levels.
Learning Objectives
- Apprehend the association between initiatives in fiscal policy and their influence on the fiscal balance, public debt, and outcomes in the economy.
- Contrast the national debt with the budget deficit, understanding the long-term repercussions of each.