The costs of Medicare are expected to rise over the next two decades as:
A) population growth outpaces the growth in the job market.
B) Obama's stimulus packages expire.
C) population growth outpaces GDP growth.
D) people are brought into the health-care system under Obamacare.
E) millions of baby boomers retire.
Question -2-Which of the following statements is true of public debt?
A) Public debt is also known as fiscal debt.
B) The net public debt includes sums that the government owes to itself.
C) The Department of Commerce sells IOUs on behalf of the U.S. government.
D) The interest on treasuries is paid by federal taxes.
E) The net public debt does not include funds held by the Federal Reserve System.
Question -3-__________is a renewable source of energy.
A) Nuclear fuel
B) Natural gas
C) Coal
D) Hydroelectric energy
E) Oil
Question -4-The principle underlying fiscal policy states that when unemployment is rising and the economy is going into a recession, fiscal policy should:
A) stimulate economic activity by decreasing taxes.
B) curb economic activity by reducing government spending.
C) let the forces of supply and demand operate on their own.
D) employ a tight-money policy.
E) reduce the rate of growth in the amount of money in circulation.
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