Which of the following best describes the US economy in 1998 during President Clinton’s term? It was in a rece

Question

Which of the following best describes the US economy in 1998 during President Clinton’s term?
It was in a recession.
It was in a depression.
The federal budget was balanced.
The deficit was somewhat lowered.

GPT-5 mini · Answer

The federal budget was balanced.

In 1998 the U.S. had strong economic growth and the federal budget moved into surplus (the first surplus since the late 1960s), not a recession or depression.

Which of the following best describes the US economy in 1998 during President Clinton’s term?
It was in a recession.
It was in a depression.
The federal budget was balanced.
The deficit was somewhat lowered.

All Answers 1

Submit Your Answer

Which of the following best describes the US economy in 1998 during President Clinton’s term? It was in a recession. It was in a depression. The federal budget was balanced. The deficit was somewhat lowered.

All Answers 1

Submit Your Answer

Which of the following best describes the US economy in 1998 during President Clinton’s term?
It was in a recession.
It was in a depression.
The federal budget was balanced.
The deficit was somewhat lowered.