What is the second-largest federal spending category?



a. defense

b. transfer payments

c. interest payments

d. state and local grants

a. defense

Economics

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If price is equal to average variable cost, a perfectly competitive firm breaks even

Indicate whether the statement is true or false

Economics

If the Fed wishes to maintain its interest rate target in the face of increased money demand it would likely

a. increase the money supply. b. decrease the money supply. c. more stringently enforce already existing banking regulations. d. propose new banking regulations. e. become more lax when it enforces already existing banking regulations.

Economics