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Which of the following statements is correct ? A. The 1981 tax cuts greatly expanded U.S. tax revenues. B. There is a tendency for the

Which of the following statements is correct?

A. The 1981 tax cuts greatly expanded U.S. tax revenues.

B. There is a tendency for the public debt to grow during recessions.

C. Federal deficits were larger in the late 1990s than in the early 1990s.

D. public debt has usually declined during wartime.

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