Income security expenditures include
A. Medicare, Social Security, and unemployment compensation.
B. Social Security and disability benefits, but not Medicare.
C. unemployment compensation, disability benefits, and Medicare, but not Social Security.
D. transfer payments to the disadvantaged, but not transfer payments to the elderly.
Answer: A
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Which were among the important reforms of the banking system that resulted from the financial crisis of the 1920 and 1930s?
a. the Glass-Steagall Act b. the prohibition of interest payments on bank deposits c. the separation of commercial banking from investment banking d. All of the above are correct. e. Only a and c are correct.
In an economy, the government wants to increase aggregate demand by $50 billion at each price level to increase real GDP and reduce unemployment. If the MPC is 0.6, then it would increase government purchases by
A. $31.25 billion. B. $10 billion. C. $20 billion. D. $40.50 billion.