Which of the following expenditures is classified as a mandatory expenditure of the U.S. federal government?
A) federal employee salaries
B) national defense
C) Medicaid
D) foreign aid
C
Economics
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In the above figure, point C represents
A) a recessionary gap. B) a full-employment equilibrium. C) an inflationary gap. D) a decrease in aggregate demand.
Economics
Higher prices for scarcer resources can improve the efficiency of an economy.
Answer the following statement true (T) or false (F)
Economics
Which of the following are not included in GDP? a. Transfer payments
b. Imports c. Intermediate goods. d. All of the above are excluded from GDP.
Economics
A net capital inflow occurs in open economies where investment is:
A. higher than national savings. B. equal to national savings. C. lower than national savings. D. higher than national spending.
Economics