Which of the following will not cause a change in demand for crackers?
a. a change in consumers' income
b. a change in the price of crackers
c. a change in the price of cheese
d. a change in the number of cracker-eaters
e. a change in consumers' tastes for crackers
B
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Explain the funding structure of the Social Security and Medicare programs. Why are these programs in danger of running out of funds in the future?
What will be an ideal response?
Which of the following annual real GDP growth rates would be needed to prevent the U.S. unemployment rate from rising?
a. 3.3 percent b. 2.5 percent c. 10.0 percent d. 5.0 percent e. 1.0 percent
Credit cards
a. represent the largest component of M1. b. are not included in M1 but are included in M2. c. are a form of money unique to the U.S. d. are not considered money.
Patents represent
A) the protection given to new products by the law. B) how R&D spending translates into new ideas. C) the extent to which firms benefit from the results of their own R&D spending. D) the rate of technological progress.