If you were told that the largest expenditure category of Canada's federal budget is the same category as in the U.S. federal government's budget, you would know it is
a. national defense
b. net interest
c. education
d. health and hospitals
e. income support, social security, and welfare
E
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The aggregate demand curve is downward sloping for all of the following reasons EXCEPT for the:
A. effect of inflation on the value of money. B. impact of inflation on the consumer price index (CPI). C. response of the Fed to inflation through its policy reaction function. D. distributional impact of inflation on spending.
If a company has two profit centers where one supplies the other with necessary ingredients to a company product, and if the relationship between two centers is clearly inimical to company success, then:
A. the company should probably reorganize. B. it is time to use the market-based transfer price system. C. it is time to implement a marginal cost based transfer system. D. the company should change its management control system.
What condition causes a secondary market to arise?
Please provide the best answer for the statement.
Checking account balances are included in
A. M1 only. B. M2 only. C. both M1 and M2. D. neither M1 nor M2.