Which of the following programs is not included in the federal income security spending?
a. Social Security
b. welfare
c. education
d. unemployment compensation
c
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Refer to Figure 10.7. A movement from point C to point A could be caused by
A) a negative demand shock. B) a decrease in the term premium investors expect in the future. C) a decrease in the default-risk premium. D) a decrease in the expected rate of inflation.
Keynesian economists link the start of the Great Depression to the drop in construction spending and the downturn in consumption following the stock market crashes of 1929
Indicate whether the statement is true or false
As the interest rate rises, businesses invest __________ and the AD curve shifts to the __________
A) more; right B) more; left C) less; right D) less; left
One major advantage of a flat tax over the current tax system would be ______.
a. higher earners contributing a greater share b. the ability of tax payers to use more exemptions c. increased employment opportunities for tax accountants d. a simplification of the tax filing process