For which of the following income-maintenance programs is aggregate spending the greatest?
A. Medicare.
B. Social Security.
C. Unemployment compensation.
D. TANF.
Answer: B
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A decrease in the supply of money will lead to a(n)
A) increase in equilibrium real GDP and an increase in the equilibrium interest rate. B) increase in equilibrium real GDP and a decrease in the equilibrium interest rate. C) decrease in equilibrium real GDP and an increase in the equilibrium interest rate. D) decrease in equilibrium real GDP and a decrease in the equilibrium interest rate.
Because it provides some indication of what is happening to U.S. claims on foreign wealth and the demand for imports and exports, the ________ is closely followed by economists wanting information on the future movement of exchange rates
A) trade balance B) capital account C) current account balance D) statistical discrepancy