Identify the three largest social welfare programs as a percentage of the federal budget.
What will be an ideal response?
? Social Security
? Medicare
? Medicaid
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In 2014, the United States levied economic sanctions against Russia after it undertook the first forcible annexation of territory in Europe since World War II
Indicate whether this statement is true or false.
Which of the following best describes the impact the 2010 Citizens United decision has had on the political campaign process?
A. Allowing corporate entities to directly coordinate candidate or campaign events B. Opening the door to negative campaigning on a national level C. Allowing corporate entities to contribute unlimited amounts to support or oppose candidates D. Closing the door to Super PAC involvement in political campaigns E. Restricting the contributions of corporate or international donors
The best example of a regressive tax is
a. individual income taxes. b. sales tax. c. tax credits. d. admission charges to state and federal parks. e. corporate income tax.
In an IS-LM model, if the government enacts restrictive fiscal policy through a tax increaseor a cut in government purchases
a. The interest rate will decline, lowering the incentive to save and thus also the level of investment spending b. The level of income will decrease but the interest rate will increase c. Both income and the interest rate will decrease d. The LM-curve will shift to the left e. The IS-curve will shift to the left, followed by a shift of the LM-curve to the left since this policy will change interest rates and therefore money demand