The federal government had a budget surplus in 2001 but a


The Federal Government had a budget surplus in 2001 but a budget deficit in 2002. This was due to the recession, the tax cut, and the increased military spending. The change from a budget surplus to a budget deficit was due to: (a) neither cyclical nor structural factors. (b) cyclical factors but not structural ones. (c) structural factors but not cyclical ones. (d) both cyclical and structural factors.

Request for Solution File

Ask an Expert for Answer!!
Business Economics: The federal government had a budget surplus in 2001 but a
Reference No:- TGS01490262

Expected delivery within 24 Hours