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.

---

Definitions:

Democratic Governments

Systems of governance where power is vested in the people, who exercise that power directly or through elected representatives.

British Rule

British Rule refers to the period of history when various parts of the world were governed and administrated by Britain, including the colonial period in America ending with the Revolutionary War.

Eighteenth Century

The eighteenth century spans the years from January 1, 1701, to December 31, 1800, and is marked by the Enlightenment, industrial innovations, and significant political revolutions in America and France.

Colonial Town

A settlement established by colonizing countries during the period of exploration.