Differences in what can help explain the wage gap between U.S. born and foreign born workers employed in the U.S.?

Transfer payments typically

A) rise during expansionary periods. B) fall during recessions. C) do not change as the economy expands and contracts during the business cycle. D) fall during expansionary periods and rise during recessionary periods.

If an economy's GDP rises, then it must be the case that the economy's

a. income rises and saving falls. b. income and saving both rise. c. income rises and expenditure falls. d. income and expenditure both rise.