Which of the following situations could cause a budget deficit for the federal government?

a) the federal government issues more treasury bonds than treasury notes.
b) government spending decreases.
c) there is a recession.
d) the federal government raises taxes.

The answer is letter C. There is a recession. It is a temporary economic decline when trade and business activities are lessened which leads to the GDP of the country to reduce in numbers. If the decline would last for at least 6 months, this will cause a major impact on the real GDP,

answer: Venture capital firms (happy to help)

Explanation: