During 2001-2012, the federal budget deficit
a. expanded and real government spending increased rapidly, indicating that fiscal policy was restrictive.
b. expanded and real government spending increased rapidly, indicating that fiscal policy was expansionary.
c. declined and real government spending fell, indicating that fiscal policy was restrictive.
d. declined and real government spending fell, indicating that fiscal policy was expansionary.
B
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The so-called "bridge to nowhere" in Alaska is an example of
A. a market failure. B. the incentive for politicians to bring home as much federal money as possible. C. a government failure. D. a market failure AND the incentive for politicians to bring home as much federal money as possible. E. the incentive for politicians to bring home as much federal money as possible AND a government failure.
Between 1960 and 1973 the poverty rate ___; between 1973 and 1983 the poverty rate ___.
A. rose; rose B. fell; fell C. rose; fell D. fell; rose