As a percentage of GDP, health care spending on Medicare and ...

[scienceeasy]

As a percentage of GDP, health care spending on Medicare and Medicaid is expected to double over the next 40 years unless health care costs begin to grow at a slower rate.
 
  Indicate whether the statement is true or false

Question 2

Refer to Figure 15-2. In the figure above, the movement from point A to point B in the money market would be caused by
 
  A) an open market sale of Treasury securities by the Federal Reserve.
  B) a decrease in real GDP.
  C) an increase in the price level.
  D) a decrease in the required reserve ratio by the Federal Reserve.

[Pswine]

Answer to Question 1

TRUE

Answer to Question 2

A