From the 1960s to 2014, transfer payments
A) have declined by half as a percentage of total federal government expenditures.
B) have risen from 25 percent to about 48 percent of federal government expenditures.
C) remained the same percentage of total federal government expenditures.
D) have grown very slowly as a percentage of total federal government expenditures.
B
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Suppose there are economies of scale in the production of a specialized memory chip that is used in manufacturing microwaves. This suggests that the microwave industry is a decreasing-cost industry
Indicate whether the statement is true or false
According to economic historians, streetcars in southern cities in the early 1900s were racially segregated because the owners of the firms believed that segregation raised the firms' profits
a. True b. False Indicate whether the statement is true or false
Currency is included in
A. M2 only. B. M3 only. C. M1 and M2 only. D. M1, M2, and M3.
If no fiscal policy changes are implemented to fight inflation, suppose the aggregate demand curve will exceed the current aggregate demand curve by $900 billion at any level of prices. Assuming the marginal propensity to consume is 0.90, this increase in aggregate demand could be prevented by:
A. increasing government spending by $500 billion. B. increasing government spending by $140 billion. C. decreasing taxes by $40 billion. D. increasing taxes by $100 billion.