Unit Test Answers

4 verified answers1 views

When governments spend to improve education or health care, they are focusing more on .

economic needs

social needs

When governments spend to improve the unemployment rate or increase GDP, they are focusing more on .

economic needs

social needs

An expansionary fiscal policy can the number of jobs and can inflation and reduce interest rates.

increase

reduce

How does this graph show the importance of government spending to millions of Americans?

State and local governments get the most money.

The largest portion is spent on national defense.

The largest portion is in the form of direct payments to workers and citizens.

The government’s payments all take the form of grants.

Did you find these answers helpful?

More from this Course