Since Social Security is a pay-as-you-go program, the funds for the people retiring today
A) come from those of us working today and in the future.
B) come from the Federal Reserve.
C) come from import taxes.
D) come from foreign sales of gold.
A
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Use the following data to answer the next question. The disposable income (DI) and consumption (C) schedules are for a private, closed economy (an economy with no government and no international trade). All figures are in billions of dollars.Disposable IncomeConsumption$10,000$12,00018,00018,00026,00024,00034,00030,00042,00036,00050,00042,000The marginal propensity to consume is
A. 0.80. B. 0.20. C. 0.75. D. 0.25.
Your college bookstore buys a used textbook for $25 and sells it to you for $125. What happens to GDP?
A) It increases by $25. B) It increases by $100. C) It increases by $125. D) It increases by $150.
In contrast to a perfectly competitive firm, a monopolist operates in the long run
A. at a price higher than marginal cost. B. with a profit equal to zero. C. at an efficient level of output. D. at the minimum point on its average total cost curve.
What would be a way for the Federal Reserve to stimulate a sluggish economy?
A. print more money B. buy government bonds on the open market C. sell more government bonds D. encourage the stock market