Federal government expenditures, as a percentage of GDP
A) rose from 1950 to 1991, fell from 1992 to 2001, and have risen from 2001 to the present.
B) rose from 1950 to 1980, fell from 1981 to 2001, and have risen from 2001 to the present.
C) have fallen since the early 1950s to the present.
D) have risen since the early 1950s to the present.
E) rose from 1950 to 2001 and then fell from 2001 to the present.
A
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Use the following information to answer the next question.SecurityAmount (in billions)Treasury bills$220Corporate bonds140Treasury notes80Corporate stock200U.S. savings bonds60Treasury bonds100Other things equal, an increase of corporate bonds from $140 billion to $150 billion in the economy would
A. not change the size of the public debt. B. increase the public debt from $600 billion to $610 billion. C. decrease the public debt by $20 billion. D. increase the public debt from $460 billion to $470 billion.
Since the replacement of AFDC with TANF the welfare rolls have grown in the United States
a. True b. False
_____ gives the slope of an isocost line where labor (L) and capital (K) are the two inputs measured on the X and Y axes respectively
a. The ratio of the marginal product of capital to the marginal product of labor, with a negative sign, b. The ratio of price of labor to the price of capital, with a negative sign, c. The ratio of the price of capital to the price of labor d. The ratio of the marginal product of labor to the marginal product of capital
When prices of products are set below equilibrium,
A. society’s resources are inefficiently allocated. B. firms expand output to increase profits. C. firms earn excessively high profits. D. consumers benefit from surpluses of cheap goods.