The solvency of Social Security can be extended if
A. the tax rate is reduced.
B. the trust fund invests in government bonds.
C. the retirement age is reduced.
D. the cap on taxable earnings is raised.
Answer: D
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Price elasticities tend to be higher, the greater the number of substitutes
Indicate whether the statement is true or false
Decisions by depositors to increase their holdings of ________, or of banks to hold ________ will result in a smaller expansion of deposits than the simple model predicts
A) deposits; required reserves B) deposits; excess reserves C) currency; required reserves D) currency; excess reserves
All other things remaining equal, low-income nations that increase their investments in deepening their human and physical capital bases will: a. experience higher growth rates than high-income nations that possess larger capital stocks per capita. b. experience lower growth rates than high-income nations that are more technologically advanced
c. incur lower costs than high-income nations that experience higher costs of production due to expensive labor. d. experience the same growth rates as high-income nations that are more technologically advanced.
How is economic growth graphically depicted?
A. Aggregate demand shifts to the right. B. The long-run aggregate supply curve shifts right. C. The aggregate demand curve shifts to the left. D. Short-run aggregate supply shifts left.