From the 1960s to 2016, transfer payments
A) have risen from 25 percent to about 49 percent of federal government expenditures.
B) remained the same percentage of total federal government expenditures.
C) have declined by half as a percentage of total federal government expenditures.
D) have grown very slowly as a percentage of total federal government expenditures.
Answer: A
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If profit-seeking major oil companies began to use current profits from the oil business to buy department stores and hotel chains, economic analysis suggests that
a. oil company profits were high relative to other possible investment opportunities. b. oil company executives thought profits from investment outside the oil industry would be lower than oil-industry investments. c. oil company executives must believe these other investments will be more profitable than investments in the oil industry. d. the government would be justified in subsidizing oil companies on grounds of economic efficiency.
Under the monetary growth rule proposed by the monetarists, the money supply would grow each year at a constant rate equal to the long-run rate of growth of
A) inflation. B) real GDP. C) interest rates. D) employment.