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Author Question: The major component of federal government consumption is spending on ________. A) Social ... (Read 24 times)

Brittanyd9008

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The major component of federal government consumption is spending on ________.
 
  A) Social Security, Medicare and Medicaid
  B) foreign aid
  C) capital goods, e.g. highways and schools
  D) national defense

Question 2

In 2005 hurricane Katrina devastated large portions of the Gulf Coast economy. Many refineries went offline disrupting oil refining and distribution. What do you think was a likely result?
 
  A) the restricted supply constituted a cost push shock that would have shifted the long run AS curve to the right
  B) the restricted supply constituted a cost push shock that would have shifted the short run AS curve to the left
  C) the restricted supply constituted a cost push shock that would have meant an upward movement along the Phillips curve
  D) all of the above
  E) none of the above



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BAOCHAU2803

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Answer to Question 1

D

Answer to Question 2

B




Brittanyd9008

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Reply 2 on: Jun 30, 2018
Excellent


bbburns21

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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