In 2016, welfare spending accounted for almost _____ of federal outlays

a. 5 percent
b. 10 percent
c. 14 percent
d. 20 percent
e. 31 percent

c

Economics

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What effect does an increase in the price level have on the demand for money and the demand for money curve?

What will be an ideal response?

Economics

Assume that a consumer purchases only two products and there is a decrease in the consumer's income. The prices of the two products stay constant. The decrease in income will result in a:

A. Shift of the budget line inward to the left B. Shift of the budget line outward to the right C. A decrease in the slope of the budget line D. An increase in the slope of the budget line

Economics