Social Security payments:
A. are adjusted for inflation using the CPI.
B. undergo cost-of-living adjustments.
C. now hold their value over time.
D. All of these statements are true.
Answer: D
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During the colonial period, this region specialized in grain production, primarily using family farms:
a. the Middle colonies b. the Southern colonies c. the New England colonies d. Newfoundland
A tariff, unlike a __________, provides revenues to the government.
Fill in the blank(s) with the appropriate word(s).
Which of the following conditions indicate cost minimization, assuming two inputs, labour (L) and capital (K)?
a) MPL = MPK b) MPK/PL = MPL/PK c) PK · MPK = PL · MPL d) PK = PL e) MPK/PK= MPL/PL
In the Great Recession of 2007-2009, the stock market values shrank, causing a reverse:
A. Wealth effect
B. Real-balances effect
C. Interest-rate effect
D. Expectations effect