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johnpaul92 johnpaul92
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8 years ago
Why were the U.S. government budget deficits of the 1980s and early 1990s so unusual from a historical point of view?
A) It was the first time that deficits were accompanied by very high rates of inflation.
B) In the past, deficits were usually that large only in wartime.
C) It was the first time that deficits diverted funds from other productive uses, such as investment in modern equipment.
D) It was the first time the U.S. government had ever run deficits.
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Macroeconomics

Macroeconomics


Edition: 8th
Authors:
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supamansupaman
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8 years ago
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johnpaul92 Author
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#2
8 years ago
Wow, you answered what I thought was impossible to answer, thank you!
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#3
8 years ago
Take care for now
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