Can someone check my homework answers? Can not find these topics in my book; I read the chapter several times. Thank you
1.Income taxes create a difference between the wage rate paid by companies and received by workers. These taxes __________ both employment and potential GDP.
A. do not affect
B. lower
C. encourage, but may not change
D. increase
my answer D
2. On the outlays side of the budget, how are Social Security benefits, Medicare and Medicaid benefits, unemployment benefits, and other cash benefits to individuals and businesses labeled?
A. expenditure on goods and services
B. transfer payments
C. debt interest
D. indirect taxes
my guess A
3.In the long run, an increase in the supply of bank loans is matched by a __________ in the price level and the quantity of real loans is __________.
A. rise; unchanged
B. rise; increased
C. fall; unchanged
D. fall; decrease
my guess A