Increases in the Federal Budget Deficit from 2007 to 2009

question 186

Multiple Choice

Increases in the federal budget deficit from 2007 to 2009 were caused

• A) exclusively by the loss of tax revenue due to recession.
• B) exclusively by expansionary fiscal policy, as shown through growth in the cyclically adjusted deficit.
• C) primarily by a combination of recession and expansionary fiscal policy.
• D) primarily by increased outlays to a rapidly growing number of Social Security recipients.

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Definitions:

Market Orientation

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Customer Information

Data about customers, including personal details, preferences, and purchase history, used by businesses to tailor services and marketing efforts.