Which of the following factors did not contribute to the federal budget surpluses in the 1990s?

A) Higher taxes on the rich
B) More federal government spending discipline
C) Market globalization
D) Slower consumer spending
E) Rising business optimism based on technological innovation

Federal Budget Surpluses

Occurs when a government's income exceeds its spending during a particular fiscal year.

Market Globalization

The process of integration and interaction among different national markets, leading to a global marketplace with diminished trade barriers.

Technological Innovation

The introduction of new technologies or the improvement of existing ones, leading to better products, services, or processes.