As a percentage of GDP, health care spending on Medicare and Medicaid is expected to double over the next 40 years unless health care costs begin to grow at a slower rate.
Indicate whether the statement is true or false
Question 2
Refer to Figure 15-2. In the figure above, the movement from point A to point B in the money market would be caused by
A) an open market sale of Treasury securities by the Federal Reserve.
B) a decrease in real GDP.
C) an increase in the price level.
D) a decrease in the required reserve ratio by the Federal Reserve.
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