a. large tax cut in 2001 and 2004..
b. large increases in government spending.
c. increases in both the cyclical and structural deficits.
d. a recession in 2001.
e. all of the above.
ANSWER:
E
a. large tax cut in 2001 and 2004..
b. large increases in government spending.
c. increases in both the cyclical and structural deficits.
d. a recession in 2001.
e. all of the above.
ANSWER:
E