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The federal government had a budget surplus in 2001 but a

The Federal Government had a budget surplus in 2001 but a budget deficit in 2002. This was due to the recession, the tax cut, and the increased military spending. The change from a budget surplus to a budget deficit was due to Midterm 4.0.pages

(a) neither cyclical nor structural factors.

(b) cyclical factors but not structural ones.

(d) both cyclical and structural factors.

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