When the current Social Security surpluses end and the bonds in the trust funds are reduced in order to make payments to retirees, the financing for the redemption of the trust fund bonds will come from
a. higher taxes or more government borrowing.
b. the surplus funds deposited in government banking accounts.
c. equity capital being liquidated.
d. the sale of private equities and securities that the government has been purchasing with the funds.
A
You might also like to view...
Assume that Japan and the United States are engaged in a system of flexible exchange rates. One US dollar will purchase how many Japanese Yen?
The lost-income approach tends to value a life at a higher amount than does the compensating differential approach
Indicate whether the statement is true or false
Given the accelerationist Phillips curve ?? = - 0.3 (U - 6 ) + ?, suppose that inflation in the preceding period was 3 percent, unemployment is 7 percent, and there is no price shock. The current inflation rate is ________
A) 2.7 percent B) 3 percent C) 0.9 percent D) 3.3 percent E) none of the above
Low-income families consume proportionately more of which of the following kinds of goods?
a. Normal goods b. Inferior goods c. Luxury goods d. Substitute goods