Author Question: Government expenditures includes all of the following except A) federal defense spending. B) ... (Read 150 times)

itsmyluck · **on:** Jun 30, 2018

Government expenditures includes all of the following except

A) federal defense spending.
B) federal nondefense spending.
C) state and local spending.
D) transfers.

Question 2

If the government reduces spending ________.

A) the IS curve will shift to the right
B) output will increase if interest rates remain fixed
C) consumption will increase
D) all of the above
E) none of the above