What does it mean if the federal government is operating a deficit budget? A.
The President is ignoring Congress’s appropriations and is spending money as he pleases.
B.
It is making loans to state governments.
C.
It is spending less than it takes in through revenue.
D.
It is spending more than it takes in through revenue.

During the 1920s, the federal reserve increased the money supply and kept interest rates very low, encouraging consumer spending and the brisk borrowing of money. business investment and the expansion of businesses grew rapidly during the 1920 to meet the needs of this huge consumer spending. however, during the crash of 1929, the federal reserve reversed its expansionary monetary policy and cut off the money supply by almost 30%, causing banks to not have enough currency on hand when depositors wanted their hard-earned money. after reading the prompt, what can you surmise happened next that contributed to the great depression? a) black tuesday b) collapse of banks c) high unemployment d) election of franklin d. roosevelt