Payments to Social Security recipients would decline if the retirement age were lowered.

Answer the following statement true (T) or false (F)

False

Economics

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Exhibit 30-5

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A. marginal private cost curve; demand curve; marginal social benefit curve; market output B. demand curve; marginal social benefit curve; supply curve; market output C. marginal social benefit curve; demand curve; marginal private cost curve; socially optimal output D. demand curve; marginal social benefit curve; supply curve; socially optimal output E. marginal social benefit curve; supply curve; marginal private cost curve; market output

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Economics

The negative relation between investment spending and the interest rate is what gives the ________ curve its ________ slope

A) IS; upward B) IS; downward C) LM; downward D) LM; upward

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Economics

A country benefits from trade if it is able to obtain a good from a foreign country by giving up more of other goods than it would have to give up to obtain the good at home

a. True b. False Indicate whether the statement is true or false

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Economics

Relative to GDP, interest on the national debt

a. has grown at a steady rate during the last 40 years b. has remained constant in recent decades c. grew especially rapidly during the 1980s d. declined slightly during the 1980s e. fluctuates as retirement portfolios change their allocation of government securities

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Economics