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The combination of tax increases, tighter spending controls, and a very strong economy helped move the U.S. government budget from deficit to surplus by the
The combination of tax increases, tighter spending controls, and a very strong economy helped move the U.S. government budget from deficit to surplus by the end of the 1990s. Explain how these events led from budget deficit to surplus and relate them to the concepts of discretionary fiscal policy, automatic stabilization, budget line, cyclical deficit, and natural employment deficit.
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