Answer in step by step with explanation.Don't use Ai and chatgpt Since the 1940s, more often than not, the U.S. federal government hasA. steadily reduced its borrowing.B. run a budget deficit.C. had a balanced budget.D. run a budget surplus.

The U.S. federal government has run a budget deficit-i.e., its expenditures have exceeded its…

Answered: Since the 1940s, more often than not,…

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter16: Government Spends, Collects, And Owes

Section: Chapter Questions

Problem 3AA

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Since the 1940s, more often than not, the U.S. federal government has A. steadily reduced its borrowing. B. run a budget deficit. C. had a balanced budget. D. run a budget surplus.