All of the Following Programs Were Exempt from Sequestration Except

question 168

Multiple Choice

All of the following programs were exempt from sequestration except for _____

• A) Social Security.
• B) Medicaid.
• C) federal pensions.
• D) veterans' benefits.
• E) defense spending.

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Definitions:

National Debt

The total amount of money that a country's government has borrowed by various means.

Crowding Out

The displacement of interest-sensitive private investment that occurs when higher government deficits drive up market interest rates.

Expansionary Gap

An Expansionary Gap exists when an economy’s output exceeds its potential output, often leading to inflationary pressures.

Aggregate Demand

The aggregate need for commodities and services inside an economy at a specific general price level over a particular time frame.