Recall the Application about how society will cope with increased demands for entitlement programs to answer the following question(s). This Application addresses the impact of increasing life expectancy and aging populations on the costs of government entitlement programs such as Social Security, Medicare and Medicaid, and examines several possible solutions to the potential problem.According to this Application, how will an increase in government spending on entitlement programs affect the macroeconomy?
A. It will increase aggregate demand.
B. It will decrease aggregate demand.
C. It will increase aggregate supply.
D. It will decrease aggregate supply.
Answer: A
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If the personal assets of the owners cannot be claimed if the business is bankrupt, the owners are said to have
A) a partnership type of business. B) unlimited liability. C) a proprietorship type of business. D) limited liability.
Which of the following statements is false?
A) A straight line has a slope of zero. B) A curved line has slope values that change at every point. C) A direct relationship has a positive slope value. D) An inverse relationship has a negative slope value.
Blenders Anytime produces kitchen products and has issued 20,000 shares of stock. Skip has 10,000 shares of Blenders’ common stock. Melda has 1,000 shares of its common stock. If Skip gets $1,000 from today’s dividend payment, how much money does Melda get?
a. $1 b. $10 c. $100 d. $500
The marginal social benefit of pollution is the incremental benefit to society from producing one more unit of pollution.
Answer the following statement true (T) or false (F)