Almost all of the FICA tax deductions from a worker's paycheck is put into an account and saved for that worker's retirement years
a. True
b. False
Indicate whether the statement is true or false
False
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In part, microeconomics is concerned with the study of
A) unemployment and economic growth. B) the Federal Reserve's policies. C) the effect government regulation has on the price of a product. D) national output of goods and services.
Which of the following statements about the characteristics of debt and equities is TRUE?
A) They can both be long-term financial instruments. B) Bond holders are residual claimants. C) The income from bonds is typically more variable than that from equities. D) Bonds pay dividends.
The phase of the business cycle characterized by rising employment is called
a. a recession b. a low-tax phase c. a high-inflation phase d. an expansion e. a depression
Based on the Phillips Curve, when the actual rate of inflation is greater than the expected rate, the unemployment rate will:
A. Rise temporarily, but decreases in nominal wages will bring the expected and actual rates of inflation into balance B. Rise temporarily, but increases in nominal wages will bring the expected and actual rates of inflation into balance C. Fall temporarily, but increases in nominal wages will bring the expected and actual rates of inflation into balance D. Fall temporarily, but decreases in nominal wages will bring the actual and expected rates of inflation into balance