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Business, 11.03.2020 01:36 1Angel2Got3Brains

Since 2007, budget deficits in the United States have been so high because there has been: a) increased economic activity. Since more people have been employed, overall incomes rose, increasing tax revenues and increasing budget deficits. b) decreased economic activity. Since fewer people have been unemployed, overall tax rates fell, bringing down tax revenues and increasing budget deficits. c) decreased economic activity. Since fewer people have been employed, overall tax rates rose, increasing tax revenues and spending and increasing budget deficits. d) decreased economic activity. e) Since fewer people have been employed, overall incomes fell, bringing down tax revenues and increasing budget deficits.

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