At the federal level, transfer payments make up ________. A) ...

[ghost!]

At the federal level, transfer payments make up ________.
 
  A) about 98 percent of total outlays
  B) about half of total outlays
  C) less than one percent of total outlays
  D) the gap between government purchases and borrowing

Question 2

If the central bank targets the interest rate, it
 
  a. must decrease interest rates in response to an increase in money demand.
  b. rules out the possibility of runaway inflation.
  b. can lead to runaway inflation if maintained too rigidly.
  d. Both a and c
  e. Both b and c

[sultansheikh]

Answer to Question 1

B

Answer to Question 2

B