In the United States,since the Great Depression,the federal government has:

A) run budget deficits only in periods of recession.
B) run a budget deficit in almost every year.
C) practiced a policy of annually balancing the budget.
D) run budget deficits only in wartime.
E) run a surplus in most years.

Budget Deficits

A situation where a government's expenditures exceed its revenues, resulting in the need to borrow money.

Great Depression

A severe worldwide economic downturn that lasted throughout the 1930s, marked by widespread unemployment, deflation, and a significant drop in global trade and output.

Annually Balancing

The process of adjusting or reconciling financial accounts or budgets to match or balance over a one-year period.