The Congressional Budget Office estimates that ________ of the increase in federal spending on Medicare and Medicaid over the next 75 years will be due to increases in the cost of providing health care
A) very little
B) less than half
C) most
D) all
Answer: C
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If a country chooses to establish fixed exchange rates and an independent monetary policy, it gives up the ability to have ________
A) free capital mobility B) an independent fiscal policy C) capital controls D) an independent physical policy
_____ is a specific location in New York City where contracts to deliver agricultural and metal products are bought and sold
a. The U.S. Department of Commerce b. The New York Stock Exchange c. The Commodity Exchange d. The Barclays Bank e. The U.S. Commodity Futures Trading Commission
One problem with hiring the services of a neighbor's wife for household cleaning is that Gross National Product does not change
Indicate whether the statement is true or false
Most economic forecasts
a. are accurate b. are more reliable than weather forecasts c. rely on mathematical models d. are totally unreliable because economic changes upset outcomes e. are based on ceteris paribus assumptions