Author Question: Total government spending (federal, state, and local) sums to approximately: a. 10 percent of the ... (Read 109 times)

pragya sharda · **on:** Jun 30, 2018

Total government spending (federal, state, and local) sums to approximately:
a. 10 percent of the U.S. economy.
b. 20 percent of the U.S. economy.
c. 40 percent of the U.S. economy.
d. one-half of the U.S. economy.

Question 2

U.S. macroeconomic data show that a stable Phillips curve existed during the 1960s.
a. True
b. False
Indicate whether the statement is true or false