Refer to the information provided in Figure 6.1 below to answer the question(s) that follow. Figure 6.1Refer to Figure 6.1. The slope of budget constraint AC is

Over the years, U.S. government spending has ________

A) increased but government revenue has decreased B) decreased but government revenue has increased C) decreased and government revenue has also decreased D) increased and government revenue has also increased

Refer to the scenario above. If you lend $30,000 to your friend for 30 years, you will receive ________ when he repays the amount after 30 years

A) $552,604.62 B) $523,482.07 C) $1,521,725.58 D) $3,620,025.01