ECO372 Week 4 Discussion Question 2

Question: #1605

How does a government budget surplus affect the U.S. economy? Identify two periods in recent history in which the United States has run budget surpluses. What were the reasons for the surpluses during those time periods?

Solution: #1590

ECO372 Week 4 Discussion Question 2

A federal government budget surplus occurs when government revenues are greater than government expenditures. A federal government budget surplus occurre...