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1)Since the 1960, in which years (approximately) was the federal budget surplus? Who was president? 2)It is argued the strong economy in those years was

1)Since the 1960, in which years (approximately) was the federal budget "surplus"? Who was president?

2)It is argued the strong economy in those years was the main contributor to budget surplus. Can you explain how the strong economy results in the budget surplus?

3)List four macroeconomics agents and the name of the corresponding expenditure of each agent.

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