The Chairman of the Fed is appointed by Congress and serves three consecutive 4-year terms unless removed for misconduct
Indicate whether the statement is true or false
F
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Social Security tax is deducted from your paycheck. In the figure above this will be shown as
A) taxes flowing from households to governments. B) taxes flowing from firms to governments. C) taxes flowing from households to firms. D) wages flowing from firms to households. E) wages flowing from firms to governments.
The price chosen by a monopolist:
A) maximizes social surplus. B) maximizes consumer surplus. C) is dependent on the production of other firms. D) is independent of the production of other firms.
Unexpected inflation harms both debtors and individuals who live on fixed incomes
a. True b. False Indicate whether the statement is true or false
Consider Mandy's decision to go to college. If she goes to college, she will spend $20,000 on tuition, $10,000 on room and board, and $2,000 on books. If she does not go to college, she will earn $18,000 working in a store and spend $8,000 on room and board. Mandy's cost of going to college is
a. $32,000. b. $42,000. c. $50,000. d. $58,000.