Noncontrollable expenditures are called "noncontrollable" because
A) they increase at the same rate as the public debt.
B) they change without congressional action.
C) only the president can approve these entitlement payments.
D) the political process determines the size of the payments.
B
Economics
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What insights into the macroeconomic consequences of financial frictions arise from the new Keynesian model?
What will be an ideal response?
Economics
Which of the following situations can lead to a winner's curse?
a. A bid which is won by multiple bidders but fails to cover the expectations of the seller. b. A win which makes a player over-enthusiastic about further gambles. c. An overoptimistic bid which helps the bidder to win but fails to cover his costs. d. A win which makes the player risk-averse toward future gambles.
Economics