As a percentage of GDP, federal expenditures ________ from 1992 to 2001, ________ from 2001 to 2011, and have ________ since 2011
A) rose; fell; risen
B) fell; fell; risen
C) rose; rose; fallen
D) fell; rose; fallen
Answer: D
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List four things that can shift the demand for an input
What will be an ideal response?
What are the benefits of intergovernmental competition? Do those benefits disappear if the mobility of individuals in the society is limited? Why or why not?
What will be an ideal response?
Contrast the circumstances in which economists prefer monetary policy and those in which they prefer fiscal policy for stabilization and explain why they hold these preferences.
What will be an ideal response?