Which best describes the US economy in 1998 during President Clinton's second term?
A. It was in a recession.
B. It was in a depression.
C. The federal budget was balanced.
D. The deficit was somewhat lowered.
Answer (2)
In 1998, during President Clinton's second term, the US economy was characterized by a balanced federal budget amidst significant growth and low unemployment. This was a time of economic prosperity, marked by strong GDP growth and effective fiscal management. Overall, the most accurate description for this period is that the federal budget was balanced. ;
In 1998, during President Clinton's second term, the U.S. economy was characterized by a balanced federal budget, indicating strong economic performance. The appropriate choice is C: the federal budget was balanced. This period marked significant growth supported by low unemployment and robust consumer spending.
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