[Solved] Which of the following best describes recent trends in state and local government spending as compared to federal government spending over the past 30 years? A)State and local government spending has grown, while federal spending has decreased except for federal spending in 2009 and 2010. B)Federal spending has increased, while state and local government spending has decreased. C)Both federal spending and state and local spending have increased, especially since September 11, 2001. D)Both federal spending and state and local spending have decreased, as Republican tax policies have decreased the federal budget, impacting the state and local budgets. E)Both federal spending and state and local spending have held steady in recent years; there have been no significant increases or decreases. Strike Price: The price at which a derivative contract can be exercised, specifically referring to the price at which the holder of an option can buy (call option) or sell (put option) the underlying asset. Listed Options: Contracts traded on a stock exchange that give buyers the right, but not the obligation, to buy or sell a security at a specified price within a certain time period. Post Margins: The practice of depositing collateral to cover potential losses in trading accounts, especially in futures and options markets. Naked Listed Options: Options contracts that are sold without owning the underlying asset, posing a higher risk due to the potential for unlimited losses.