Will a large quantity of bonds held in the Social Security Trust Fund make it easier to deal with the retirement of the baby boomers?
a. Yes; the federal government will be able to redeem these bonds in the future without raising taxes or increasing its borrowing.
b. Yes; the interest on these bonds will provide the federal government with a stream of net revenue in the future.
c. Yes, but only if the federal government holds these bonds until they mature.
d. No; the federal government cannot redeem the bonds without raising revenues for their redemption from other sources.
D
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About ____ of the world's population subsists on no more than $2 a day.
A. one tenth. B. one quarter. C. one third. D. one half.
According to real business cycle theorists, changes in Real GDP are the result of initial changes in
A) aggregate demand. B) the money supply. C) the expected inflation rate. D) prices. E) none of the above
Which of the following institutions may result in hold-up?
A. Long-term contracts B. Vertical integration C. Spot markets D. Piece rates
What evidence is there that industrial policies were a major influence on East Asian success?
What will be an ideal response?