1. Since the 1960s, Social Security and Medicare have grown as portions of U.S. government spending. a....

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1. Since the 1960s, Social Security and Medicare have grown as portions of U.S. government spending.

a. What major categories of government spending have shrunk during the same period?

b. Has the U.S. budget become more or less flexible as a result of the growth in the mandatory programs? Explain your response. l-58

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Principles Of Macroeconomics

ISBN: 9780393614091

2nd Edition

Authors: Lee Coppock, Dirk Mateer

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