Which of the following statements characterizes government purchases in the United States between 2001 and 2011?
A) Government purchases as a share of GDP have declined.
B) Government purchases as a share of GDP have increased.
C) Government purchases as a share of GDP have remained constant.
D) Government purchases have fluctuated widely over this period.
Correct Answer:
Verified
Q2: The government has a balanced budget if
A)
Q3: Public investment expenditure for highways, schools, and
Q4: Which of the following statements is true
Q5: In late 2008, the U.S. government extended
Q6: All of the following are examples of
Q7: Government tax and expenditure policies that affect
Q8: Taxes assessed on firms and employees on
Q9: All of the following are instruments of
Q10: Transfer payments typically
A) rise during expansionary periods.
B)
Q11: State and local tax receipts are dominated
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