Functional finance is that part of the deficit that is attributable to
A. the exponential increase in interest rates.
B. spending programs or tax cuts passed to stimulate an economy in recession.
C. fighting the war on terror.
D. specific programs (like Medicare).
Answer: B
Economics
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Goods produced by people in one country that are sold in other countries are called
a. tariffs b. surplus c. exports d. services e. imports
Economics
In the above figure, when disposable income is greater than 600
A. the MPS is negative. B. saving is positive. C. the MPC is greater than 1. D. saving is negative.
Economics