Author Question: After 1970, the share of federal spending allocated to national defense: a. declined sharply, while ... (Read 78 times)

Haya94 · **on:** Jun 30, 2018

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