Author Question: According to the Application, economist John B. Taylor found that the aid to state and local ... (Read 38 times)

danielfitts88 · **on:** Jun 29, 2018

According to the Application, economist John B. Taylor found that the aid to state and local governments which were a part of the 2009 stimulus package were used primarily to

A) increase spending on transfer programs, goods, and services.
B) increase spending on goods and services.
C) increase spending on transfer programs, but spending on goods and services declined.
D) increase spending on infrastructure, but spending on transfer programs declined.

Question 2

There are three balance of payments accounts. The sum of the balances on these three accounts will equal

A) the total amount of the nation's foreign borrowing.
B) the total amount of the nation's foreign lending.
C) zero.
D) the total amount of the nation's exports.
E) the total amount of the nation's imports.