Multiple Choice
We expect a rise in transfer payments when
A) the needs of the poor receive more publicity
B) taxes rise
C) GDP rises and inflation soars
D) the retirement age remains unchanged over time
E) recessions occur
Correct Answer:

Verified
Correct Answer:
Verified
Q21: Over the past several decades,federal transfer payments
Q22: Countercyclical fiscal policy can<br>A) only be employed
Q23: Before about 1975<br>A) any federal deficits were
Q24: "Rolling over" the debt means<br>A) to repay
Q25: A key tool of countercyclical fiscal policy
Q27: The national debt<br>A) is currently greater than
Q28: In an expansion,tax payments tend to increase
Q29: In the long run,<br>A) an increase in
Q30: The formula for calculating the tax multiplier
Q31: In the long run,<br>A) continuing budget surpluses