Because money growth is a major component determining the inflation rate, in order to forecast inflation we should forecast actions by the Office of the Treasury. Fed. President. U.S. Mint. Congress.   Transfer payments include i. social security benefits ii. medicare and medicaid benefits iii. unemployment benefits i only. i and iii only. i, ii, and iii.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Because money growth is a major component determining the inflation rate, in order to forecast inflation we should forecast actions by the

Office of the Treasury.
Fed.
President.
U.S. Mint.
Congress.
 

Transfer payments include

i. social security benefits
ii. medicare and medicaid benefits
iii. unemployment benefits

i only.
i and iii only.
i, ii, and iii.
iii only.
ii only.
 
When tax revenues ________ outlays is negative, then the government has a budget ________.

minus; surplus
plus; surplus
minus; deficit
divided by; surplus
plus; deficit
 
The government collects tax revenues of $100 million and has $105 million in outlays. The budget balance is a

deficit of $105 million.
surplus of $100 million and a deficit of $105 million.
surplus of $5 million.
deficit of $5 million.
surplus of $105 million.
 
Automatic changes in tax revenues and expenditures that occur as a result of fluctuations in real GDP are referred to as automatic

stabilizers.
discretionary taxes and expenditure.
government.
discretionary policy.
taxes and expenditure.
 
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