Why do consumers benefit from pay-as-you-go social security?
A) It keeps inflation in check as money is redistributed.
B) It is a better way than taxes to finance the government.
C) It forces people to save more than they would otherwise.
D) With sufficiently high population growth, many young contribute to the benefits of the old.
D
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When the First Bank of Townsville makes a loan, it
A) prints money. B) borrows the money from the Fed. C) creates a checkable deposit. D) decreases the quantity of money. E) increases its reserves.
Reserve targets and federal funds targets are compatible when the Federal Reserve wants to
A) lower interest rates and expand reserves. B) raise interest rates and the money supply. C) raise interest rates and reserves. D) contract interest rates and reserves.
Active macroeconomic policy would move to close an expansionary gap by decreasing aggregate demand
a. True b. False Indicate whether the statement is true or false
Discuss the political pressures associated with fiscal policy
Please provide the best answer for the statement.