Ceteris paribus, an increase in the government's budget deficit will increase the current account deficit

The major objective of Medicaid is to:

A. provide health care services to the aged. B. provide health care services to those receiving public assistance. C. contain rising health care costs. D. make a basic health care package available to all Americans.

If potential GDP is equal to $600 billion, what does the long-run aggregate supply curve look like?

A) It is a horizontal line at $600 billion of GDP. B) It is a vertical line at a level of GDP below $600 billion. C) It is a vertical line at $600 billion of GDP. D) It is a vertical line at a level of GDP above $600 billion.