Medicaid and food stamps are
a. available only to the elderly
b. part of Social Security
c. forms of in-kind assistance
d. forms of cash assistance
e. transfer payments to the poor
C
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If Americans decide to buy more South African diamonds, what is the effect in the exchange market? a. It will increase the supply of U.S. dollars
b. It will decrease the supply of U.S. dollars. c. It will increase the demand for U.S. dollars. d. It will decrease the demand for U.S. dollars.
In Year 1, the actual budget deficit was $150 billion and the cyclically-adjusted deficit was $125 billion. In Year 2, the actual budget deficit was $130 billion and the cyclically-adjusted deficit was $125 billion. It can be concluded that from Year 1 to Year 2:
A. Real GDP decreased B. Real GDP increased C. Full employment was attained D. Fiscal policy became less expansionary