After 1970, the share of federal spending allocated to national ...

[Haya94]

After 1970, the share of federal spending allocated to national defense:
 a. declined sharply, while the share allocated to income security increased substantially.
  b. rose sharply, while the share allocated to income security declined substantially.
  c. was relatively constant, while the share allocated to income security declined modestly.
  d. declined modestly, while the share allocated to income security was relatively constant.

Question 2

The Phillips curve represents a direct relationship between the inflation rate and the unemployment rate.
 a. True
  b. False
  Indicate whether the statement is true or false

[morganmarie791]

Answer to Question 1

a

Answer to Question 2

False

[Haya94]

Thanks for the timely response, appreciate it

[tkempin]

Excellent