As a percentage of GDP, federal expenditures ________ from 1992 to 2001, ________ from 2001 to 2011, and have ________ since 2011
A) rose; fell; risen
B) fell; fell; risen
C) rose; rose; fallen
D) fell; rose; fallen
Answer: D
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Defining what money is:
A. is easier to do in the long run than in the short run. B. is the easiest, but least important part of monetary policy. C. is easy to do, which explains why monetary policy is so effective. D. isn't easy, and this makes monetary policy more difficult.
Double taxation means that both
a. wage income and interest income are taxed, which is currently the case in the United States. b. wage income and interest income are taxed, which is not currently the case in the United States. c. the profits of corporations and the dividends shareholders receive are taxed, which is currently the case in the United States. d. the profits of corporations and the dividends shareholders receive are taxed, which is not currently the case in the United States.