Which of the following is NOT a transfer payment?
A) Medicare
B) Social Security retirement payments
C) Social Security disability payments
D) spending on national defense
Answer: D
Economics
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Critics of rational expectation theory believe: a. most people are truly not very informed about the effects of a policy change
b. most people do not adjust their behavior very rapidly to changes in government policies, in part because they are not informed about the effects of policy changes. c. that wages and prices are not as flexible as the rational expectation theory assumes. d. all of the above.
Economics
Disposable income refers to
A. The corporate tax paid from income. B. Personal income before personal taxes. C. Personal income after personal taxes. D. None of the choices are correct.
Economics