The primary distinction between an expenditure that is on budget and an expenditure that is off budget is _____

a. that all off-budget expenditures are entitlements
b. that all on-budget expenditures are public goods or quasi-public goods
c. that Congress has determined the expenditures should be on budget or off budget
d. a and b


c

Economics

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Using the Keynesian model, the effect of a decrease in the effective tax rate on capital would be to cause ________ in the real interest rate and ________ in output in the long run

A) an increase; no change B) a decrease; no change C) an increase; an increase D) no change; a decrease

Economics

According to the Taylor rule, if output is above its full-employment level and inflation is less than 2%

A) the Fed should raise the Fed funds rate above 4%. B) the Fed should reduce the Fed funds rate below 4%. C) the Fed should make the Fed funds rate exactly 4%. D) what the Fed should do is ambiguous.

Economics

The market for medical care relies primarily on:

a. For profit providers. b. Not for profit providers. c. Co-ops. d. Hospitals. e. The substitution effect.

Economics

In the aggregate expenditures model, if aggregate expenditures (AE) equal $4 trillion and GDP equals $3 trillion, then:

a. inventory depletion equals ?$1 trillion. b. inventory accumulation equals $1 trillion. c. investment equals ?$1 trillion. d. investment equals $1 trillion.

Economics