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?

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