In 1981,U.S.policy Makers Predicted a Balanced Budget As

question 9

Multiple Choice

In 1981,U.S.policy makers predicted a balanced budget as:

• A)the budget included a decrease in defense expenditures.
• B)the budget included an increase in the tax rate.
• C)the budget included an increase in unspecified government spending.
• D)the growth in GDP was expected to be large enough to lead to an increase in tax revenues despite the tax cut.
• E)the growth in GDP was expected to be small enough to require less government spending.

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