Tuesday, November 15, 2011

The Government Accounting Office (GAO) announces deep cuts to social security, Medicare, and welfare programs.?

Price





Consumer spending





Investment spending





Government spending





Net exports





Productivity





Resource cost





Government intervention (taxes, subsidies, or regulations)





None of the above|||You did not finish the question, but I assume that you need to know what category of aggregate demand this falls under. This would be consistent with your other question.





The answer is none of the above.





Social security, Medicare, and welfare programs are all government transfer payments. Transfer payments are not purchases, and do not affect overall aggregate demand.

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