After World War II (1941–45), the U.S. public debt
(a) remained unchanged in 1947 even though the government ran a budget
surplus (government expenditures fell below revenues in 1947).
(b) continued to rise even though the government ran a budget surplus at times.
(c) decreased even though the government ran a budget surplus continuously.
(d) remained high while the government continuously ran deficits.
ANSWER
(b)
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