Which of the Following Correctly Describes the Trend in the Federal

question 80

Multiple Choice

Which of the following correctly describes the trend in the federal budget during the 1980s?

• A)Federal spending declined relative to GDP,while federal revenues rose relative to GDP.
• B)Federal spending rose relative to GDP,while federal revenues declined relative to GDP.
• C)Balanced budgets were passed through cooperation between the President and Congress.
• D)The dollar depreciated,thereby lowering the deficit.
• E)The budget deficit decreased and then disappeared,turning into a surplus in the 1980s.