Government outlays consist of
a. all governmental purchases resulting from contracts with the private sector and foreign organizations
b. government purchases, transfer payments, and interest on the national debt
c. any purchase by an organization that is not trying to earn a profit
d. government purchases and transfer payments minus the interest on the national debt
e. total receipts from all organizations doing business with any level of government
B
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Price floors are typically accompanied by a standard series of symptoms. What are they?
You observe people going to the bank more frequently. Other things the same, this could result from
a. an increase in inflation which increases money demand. b. an increase in inflation which reduces money demand. c. a decrease in inflation which increases money demand. d. a decrease in inflation which reduces money demand.