Until Congress began to periodically raise benefit levels to adjust for inflation, the first recipients of Social Security checks:
A. lost value over time, because the payments were not adjusted for inflation.
B. grew poorer over time, because the payments were nominal amounts.
C. received a fixed amount that caused their real income to decline.
D. All of these statements are true.
Answer: D
You might also like to view...
The unemployment rate is the number of people classified as unemployed as a percentage of: a. the entire population
b. the population over the age of sixteen. c. the labor force. d. the number of people over the age of sixteen who are employed.
With railroads, considerable regulatory energy was spent trying to solve the so-called ______________________.
Fill in the blank(s) with the appropriate word(s).
Final consumer demand for poultry in the US increases (shifts to the right) if
a) consumer income decreases b) the price of chicken decreases c) the price of beef increases d) the price of pork decreases
Which of the following is an example of the impossibility theorem?
A. social choice B. free rider problem C. logrolling D. voting paradox