One option the government has to restore funding to transfer programs such as Social Security is to raise or eliminate the income cap on Social Security payments
Other things equal, this would result in ________ in the after-tax return to capital goods and cause firms and households to accumulate ________ capital. A) an increase; more
B) an increase; less
C) a decrease; more
D) a decrease; less
D
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Chris pays $10,000 for a newly issued two-year government bond with a $10,000 face value and a 6 percent coupon rate. One year later, after receiving the first coupon payment, Chris sells the bond. If the current one-year interest rate on government bonds is 7 percent, then the price Chris receives is:
A. greater than $10,000. B. $700. C. less than $10,000. D. $10,000.
Since the Federal Reserve was established in 1913, the U.S. has experienced three periods of high inflation and each was preceded and accompanied by a period of sharp decline in the money supply
a. True b. False Indicate whether the statement is true or false
The portion of consumer surplus that would have existed in a perfectly competitive market but is unobtainable by anyone in society under a monopoly is known as
A. an external cost. B. a deadweight loss. C. an unattainable surplus. D. monopoly profits.
The stronger the product differentiation in monopolistic competition, the:
A. Less elastic the demand curve, and production will take place further to the left of minimum average costs B. Less elastic the demand curve, and production will take place further to the right of minimum average costs C. More elastic the demand curve, and production will take place further to the left of minimum average costs D. More elastic the demand curve, and production will take place further to the right of minimum average costs