Which of the following is an example of government discretionary spending?

A. Social Security retirement payments
B. Medicare benefits for the elderly
C. defense spending
D. net interest paid on government debt held by the public

Answer: C

Economics

You might also like to view...

The phases of the business cycle are prosperity, downturn, depression, and recession

Indicate whether the statement is true or false

Economics

Monopolistically competitive firms sell differentiated products.

Answer the following statement true (T) or false (F)

Economics