Which of the Following Statements Is True

question 32

Multiple Choice

Which of the following statements is true?

• A)The national debt was eliminated in 1998.
• B)The chair of the Fed creates the president's budget on an annual basis.
• C)Keynes advocated government spending to counteract an economic downturn.
• D)The highest budget deficit in U.S.history was $59 billion.
• E)The Congressional Budget Office creates the president's budget on an annual basis.

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Definitions:

Racial Democracy

A concept or belief in a society where racial equality has been achieved, often critiqued for masking underlying racial inequalities.

Structural Restraints

Constraints or limitations within societal, economic, or political structures that inhibit entities or individuals from achieving their full potential.

Slum Exploitation

The unfair treatment and economic exploitation of individuals living in highly impoverished, densely populated areas known as slums.

Industrial Revolution

The transition to new manufacturing processes in Europe and the United States, from about 1760 to sometime between 1820 and 1840, marked by developments in machinery, steam power, and the factory system.