The Tax Cuts and Entitlement Program Expansions of the 1980s

question 18

Multiple Choice

The tax cuts and entitlement program expansions of the 1980s led to such ________ federal deficits in the 1990s that fiscal policy ________ for smoothing-out business cycle fluctuations.

• A)small,again became the preferred tool
• B)small,was all but abandoned
• C)large,again became the preferred tool
• D)large,was all but abandoned

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Definitions:

Farm Act

The Farm Act typically refers to legislation aimed at supporting the agricultural sector, including provisions for subsidies, insurance, conservation, and trade.

2014 Agriculture Act

A comprehensive statute that governs agricultural and food policy in the United States, also known as the 2014 Farm Bill.

Farm Subsidies

Financial support and assistance provided by the government to farmers and agribusinesses to stabilize food prices, ensure a sufficient food supply, and support farmers' incomes.

Price and Income Support

Governmental policies or interventions designed to stabilize or increase agricultural prices and incomes through mechanisms such as subsidies or price controls.