The term transfer payments refers to
A. Federal income taxes.
B. Money that is transferred between savings and checking accounts.
C. Additional profits transferred to monopolies as a result of their market power.
D. Payments to individuals that are not in exchange for current goods and services being produced.
Answer: D
Economics
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The self-correcting tendency of the economy means that falling inflation eventually eliminates:
A. exogenous spending. B. recessionary gaps. C. expansionary gaps. D. unemployment.
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