A spike in "All Other Outlays" of the federal government in 2009 was due to:
a. an increase in the financial aid given to Greece earlier that year
b. an increase in the expenditures on Social Security and Medicare.
c. the fiscal stimulus package passed earlier that year.
d. a sudden increase in military expenditure as a result of the war in Iraq.
e. an increase in the national debt earlier that year.
c
You might also like to view...
Holey Doughnuts and Clair's Eclairs want to merge. Each has 2 percent of the local pastry market. It is most likely that
a. the Department of Justice would challenge the merger but the Federal Trade Commission would not b. the Federal Trade Commission would challenge the merger but the Department of Justice would not c. the merger will go unchallenged because it will not tend to reduce competition d. the government will successfully challenge the merger because it is a horizontal merger e. the government will successfully challenge the merger because it is a vertical merger
Either an increase in autonomous net taxes or a decrease in government purchases can close an expansionary gap
a. True b. False Indicate whether the statement is true or false