Real expenditures on Medicare and Medicaid
a. rose during the 1970s and 1980s, but they have been declining since 1990.
b. fell during the 1970s and 1980s, but they have been increasing since 1990.
c. increased at about the same rate as real GDP during the last three decades.
d. have approximately doubled during each of the last three decades.
D
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Suppose that a series of decisions by banks effectively raises e. The resulting ________ in the money supply could be offset by the Fed with a "defensive" open market ________ of government securities
A) rise, purchase B) rise, sale C) fall, purchase D) fall, sale
A U.S. bank loaned a Canadian oil company 1 million U.S. dollars. The Canadian company then used the entire loan to buy mining equipment from a U.S. company. As a result of these transactions, by how much and in which direction did: A. U.S. net exports change? B. U.S. net capital outflow change?