Which best describes the us economy in 1998 during president clinton's second term? it was in a recession. it was in a depression. the federal budget was balanced. the deficit was somewhat lowered?

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18 January, 15:33

Which best describes the us economy in 1998 during president clinton's second term? it was in a recession. it was in a depression. the federal budget was balanced. the deficit was somewhat lowered?

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Kianna Ho · Answer 1

The correct answer is the federal budget was balanced

Elisa Reese · Answer 2

The correct answer is the federal budget was balanced

This was as a result of Clinton's prudent management of the economy. Although he had inherited a government that was running a deficit, he implemented various policies among them reform of welfare spending and increases in tax which led to a balanced budget and later on a surplus