Which of the following statements about the Social Security, Medicare, and Medicaid programs is true?
A) Some economists have argued for decreasing taxes to help with these programs' funding problems.
B) Spending on these three programs will rise from 9.7 of GDP currently to 10.2 of GDP by 2050.
C) Costs are being driven up by the fact that Americans are living longer and medical costs are rising substantially.
D) Some economists have argued for increasing benefits to help with these programs' funding problems.
Question 2
The goals of monetary policy tend to be interrelated. For example, when the Fed pursues the goal of ________, it also can achieve the goal of ________ simultaneously.
A) economic growth; a low current account deficit
B) high employment; lowering government spending
C) stability of financial markets; a low current account deficit
D) high employment; economic growth
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