Interest payments in the United States increased during the 1980s because of:
a. growing federal deficits
b. a low tax rate.
c. growing budget surpluses.
d. a fall in government expenditure.
e. an increase in national savings.
a
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Relative U.S. real wages and incomes played a role in influencing the decisions of foreign migrants
Indicate whether the statement is true or false
Every component of M2 is a component of M1, but not all the components of M1 are included in M2
a. True b. False Indicate whether the statement is true or false
The ______ is defined as the percentage of the population earning less than a certain threshold.
a. poverty line b. working poor c. lowest quintile d. poverty rate
Contractionary fiscal policy is enacted when the overall effect of decisions about taxation and spending is to:
A. increase aggregate demand. B. increase aggregate supply. C. reduce aggregate demand. D. reduce aggregate supply.