In 1935 the basic component of the present-day government-managed insurance program was established. It is known as
a. Medicare
b. Medicaid
c. Social Security
d. AFDC
e. food stamps
C
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If your income and the price level both rise by 5 percent, and you think you now have more real income, you are suffering from
A) diminishing marginal expectations. B) leakages. C) injections. D) money illusion.
The possible returns to a shareholder are:
a. rent and wages. b. fixed interest and dividend. c. fixed interest and a depreciation in the price of the stock. d. rent and fixed interest. e. dividend and an appreciation in the price of the stock.
Explain the Condorcet paradox. To which type of voting system does it apply?
If real GDP is $18,200 billion (in 2012 dollars) in 2018 Q1 and $18,400 (in 2012 dollars) in 2018 Q2, then the annualized quarterly growth rate of real GDP is
A. 1.0%. B. 1.1%. C. 0.4% D. 4.5%.