Which statement about the United States at present is false?



A. We have the world's largest economy.
B. The United States' federal deficits have been at record highs for the last few years.
C. The Social Security and Medicare trust funds are safe for at least the next two generations.
D. We are borrowing almost $2 billion a day from foreigners to finance the United States' trade and budget deficits

C. The Social Security and Medicare trust funds are safe for at least the next two generations.

Economics

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"Job-seeking immigration brings net economic benefits not only to the immigrants, but also to the receiving country overall." But there are winners and losers within the receiving country. Who among the following can be considered as a winner within the receiving country?

A. The households who want to rent the same kinds of apartments the immigrants want to rent. B. The workers who compete with the immigrants for jobs C. The consumers who buy the products that the immigrants help to produce D. None of these options are correct.

Economics

Based on the figure below. Starting from long-run equilibrium at point C, an increase in government spending that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ creating _____gap.  

A. D; an expansionary B. B; no output C. B; expansionary D. A; a recessionary

Economics