Between 1945 and 1950, federal expenditures
(a) dropped by two-fifths despite the Marshall Plan.
(b) dropped by two-fifths because of dissipation of wartime expenditures.
(c) increased by two-fifths because of increased spending in private consumer and business markets.
(d) increased by two-fifths because of the Marshall Plan.
(a)
Economics
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When the demand for a product is less elastic than the supply, consumers pay the majority of the tax on the product
Indicate whether the statement is true or false
Economics
The main purpose of expansionary monetary policy is to
a. expand Treasury borrowing. b. increase reserve requirements. c. insure deposits. d. reduce interest rates.
Economics