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Q. |
During the recession of 2001, |
A. | There were a number of proposals for tax increases or spending cuts to stir the economy, but the failed due to worries about their effects on the already largedeficit |
B. | A series of tax cuts were passed, though the only occurred in late 2001 |
C. | All the proposed tax and spending cuts were approved in order to motivate the economy and reduce the large deficit |
D. | The cyclical deficit increased but the structural deficit remained unchanged |
Answer» B. A series of tax cuts were passed, though the only occurred in late 2001 |
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