Which of the following is true of fiscal spending at the federal, state, and local levels of the U.S. government?
a. In 2009, total government spending equalled around $1 billion.
b. Investment expenditure in the U.S. exceeds the total spending at all levels of government.
c. Government spending at federal, state, and local levels declined steadily from the 1960s until about 1980.
d. Through the 1950s and 1960s, the U.S. government maintained a balanced budget.
e. Federal government spending exceeds state and local government spending in the U.S.
d
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What will be an ideal response?
The Keynesian theory of money demand predicts that people will increase their money holdings if they believe that
A) interest rates are about to fall. B) bond prices are about to rise. C) expected inflation is about to fall. D) bond prices are about to fall.
The Canadian health care system _____
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