Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

Since 1960, the U.S. federal government has Group of answer choices tended to run smaller and smaller deficits, measured as a percentage of GDP. run

Since 1960, the U.S. federal government has Group of answer choices tended to run smaller and smaller deficits, measured as a percentage of GDP. run budget deficits in most years. been less responsive to special interest groups, resulting in greater governmental efficiency and more economic growth overall. paid more attention to long-run costs as the "shortsightedness effect" is better understood by voters

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting and Reporting

Authors: Barry Elliott, Jamie Elliott

14th Edition

978-0273744443

Students also viewed these Economics questions