If we start to think that Medicare will pay for all of our medical needs as we age, then our likely actions will lead to:
A) a shift in the supply of loanable funds will cause interest rates to rise.
B) a shift in the supply of loanable funds will cause interest rates to fall.
C) a shift in the demand for loanable funds will cause interest rates to rise.
D) a shift in the demand for loanable funds will cause interest rates to fall.
E) there will be an excess supply of loanable funds.
A
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Over the past half-century, government transfer payments have increased. As a result ________
A) interest payments on government debt have declined B) government expenditures have become a larger portion of GDP C) the volatility of investment expenditures has declined D) net exports have been positive in most years E) none of the above
Which of the following is an example of the command approach to regulation?
a. The sale of tradable permits to emit sulfur dioxide in the Chicago Mercantile Exchange b. Enforcing private property rights and private ownership of elephants in Africa c. Zoning in many areas that restricts the types of buildings that can be built d. The government providing subsidies for public education e. A Pigouvian tax