Under a market system of resource allocation, the most important limitations on individual freedom of action are imposed by

When interest rates are free from central bank manipulation, and fall due to an increase in household savings, this

A) provides an incentive for government to create a budget surplus. B) sends a "green light" signal for businesses to increase investment. C) has little impact on the macroeconomy. D) creates a "cluster of errors" and an inevitable recession.

From the 1950s to the 2010s, transfer payments' share of GDP

A) steadily increased. B) steadily decreased. C) remained fairly steady. D) increased during Democratic administrations and decreased during Republican administrations.