A vast majority of mandatory federal spending is devoted to
A) entitlement programs.
B) national defense.
C) interest on the national debt.
D) foreign aid.
A
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Today, about one out of four legal immigrants arrives in the U.S with experience in a professional occupation
Indicate whether the statement is true or false
In the natural gas industry, recent technological improvements and the use of fracking have
a. increased the demand for natural gas, causing its price to rise. b. increased the supply of natural gas, causing its price to decline. c. reduced the demand for natural gas even though the proved reserves of the resource have fallen. d. resulted in sharply higher natural gas prices because of the dangers that accompany fracking.
For the purpose of calculating the consumer price index, the basket of goods
a. is kept the same from year to year so that the effects of price changes are isolated from the effect of any quantity changes that might be occurring at the same time. b. is kept the same from year to year; otherwise, the value of the index would remain constant from year to year. c. varies from year to year; otherwise, the value of the index would remain constant from year to year. d. varies from year to year so that consumers' buying patterns are updated in a timely fashion.
Which of the following is true?
A. Employment and unemployment are both coincident with the business cycle. B. Employment is procyclical and unemployment is coincident with the business cycle. C. Employment is procyclical and unemployment is countercyclical. D. Employment and unemployment are both procyclical.