Which of the following is true regarding entitlement spending?
a. They are designed to increase the money supply to improve economic growth.
b. They create a serious ongoing financial burden on the federal government.
c. They reduce the overall cost of compliance for major industrial sectors.
d. They reduce the overall cost of doing business overseas.
Question 2
In general, a recession most likely does which of these?
a. reduces the budget deficit
b. leads to higher unemployment
c. leads to tax increases
d. leads to higher inflation
Which is TRUE about the alternation of generations cycle that is diagramed above?
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