The Congressional Budget Office estimates that ________ of the increase in federal spending on Medicare and Medicaid over the next 75 years will be due to increases in the cost of providing health care

In the middle of a severe recession, Congress passes an increase in the level of unemployment benefits. This would be considered by economists as a

A. positive tax. B. negative tax. C. form of government purchases. D. variable tax.

Why might businesses decide to hold on to products to sell later when the economy is experiencing high levels of inflation?

A. Taxes will limit production. B. Prices will continue to rise. C. Cash will be in short supply. D. Income will remain constant.