A policymaker that wants to make sure that the services of the government continue to be provided during a time when there are a growing number of people that rely on them is likely to argue for the use of
A. crowding out.
B. baseline budgeting.
C. regressive taxes.
D. current services budgeting.
Answer: D
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In recent years defense expenditures has fallen as a share of federal government outlays
a. True b. False
Monetarists reject using discretionary monetary policy as an effective stabilization tool because
a. it would require the money supply to grow at a rate equal to the economy's long-run rate of economic growth. b. they do not believe that changes in the money stock affect output or prices. c. they believe that there are lengthy and variable time lags between when a change in monetary policy is instituted and when the change exerts its primary impact on output and prices. d. they believe monetary policy can stimulate aggregate demand, but it cannot control inflation.
The absolute price of a good is the price of that good in terms of another good
Indicate whether the statement is true or false
"Fine tuning" is any government attempt to regulate inflation or unemployment.
Answer the following statement true (T) or false (F)