which of the following best describes the us economy in 1998 during president clintons term?\nit was in a…
which of the following best describes the us economy in 1998 during president clintons term?\nit was in a recession.\nit was in a depression.\nthe federal budget was balanced.\nthe deficit was somewhat lowered.
Answer
Brief Explanations:
During President Clinton's term in 1998, the federal budget was balanced for the first time in decades. The economy was not in a recession or depression, and while the deficit had been reduced over time, the key notable economic - related achievement in 1998 was the balanced budget.
Answer:
The federal budget was balanced.