Author Question: Which of the following statements is true of Medicare? A) Medicare pays for health-care services ... (Read 80 times)

biggirl4568 · **on:** Jul 9, 2018

Which of the following statements is true of Medicare?

A) Medicare pays for health-care services for low-income persons, irrespective of age.
B) Medicare is now the government's second-largest domestic spending program, after Social Security.
C) The Medicare program pays for nursing home expenses.
D) The costs of Medicare are expected to decline over the next two decades with the retirement of baby boomers.
E) Medicare is an example of federal discretionary spending.

Question 2

According to the principle underlying fiscal policy, during inflation, fiscal policy should:

A) stimulate economic activity by decreasing taxes.
B) curb economic activity by reducing government spending.
C) let the forces of supply and demand operate on their own.
D) expand the rate of growth of the money supply.
E) use the easy-money policy.