Asked by
Kennia Jordan
on Oct 08, 2024
Verified
The U.S.federal government's largest unfunded liability is:
A) Medicare.
B) national defense.
C) Social Security.
D) unemployment insurance.
Unfunded Liability
A financial obligation or promised benefit for which sufficient funds have not been set aside, often relating to pensions or other post-employment benefits.
U.S. Federal Government
The national government of the United States, consisting of three branches: legislative, executive, and judicial.
Medicare
A federal program that provides for (1) compulsory hospital insurance for senior citizens, (2) low-cost voluntary insurance to help older Americans pay physicians’ fees, and (3) subsidized insurance to buy prescription drugs. Financed by payroll taxes.
- Grasp the mechanisms of monetary and fiscal policies enacted by the authorities and their impact on managing the economy.
Verified Answer
KS
Learning Objectives
- Grasp the mechanisms of monetary and fiscal policies enacted by the authorities and their impact on managing the economy.