Author Question: Inflation refers only to rising prices at a given time period. a. True b. False Indicate whether ... (Read 41 times)

ereecah · **on:** Jun 30, 2018

Inflation refers only to rising prices at a given time period.
a. True
b. False
Indicate whether the statement is true or false

Question 2

Since 1970, the composition of federal expenditures has:
a. been virtually unchanged, but federal spending as a share of GDP has declined substantially.
b. been virtually unchanged, but federal spending as a share of GDP has increased sharply.
c. shifted away from national defense and toward spending on income security.
d. shifted away from income security income transfers and toward spending on national defense.