The key determinant of whether Social Security will be a good investment is _____
a. the number of hours worked by future employees
b. internal migration
c. real income growth in the United States
d. the solvency of the system today
c
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If the demand for a product increases and the supply of the same product decreases, the equilibrium price will increase
Indicate whether the statement is true or false
In 2012, direct government purchases equaled ________ percent of expenditures of all levels of government
A) 71 B) 42 C) 26 D) 55
In traditional Keynesian economics:
a. the aggregate supply curve is vertical. b. the aggregate supply curve is horizontal. c. the aggregate supply curve is upward-sloping. d. the aggregate demand curve is horizontal. e. the aggregate demand curve is vertical.
Which economist argued that free markets unleashed the "animal spirits" of entrepreneurs, propelling innovation, technology, and growth?
A. Irving Fisher. B. Lord Kelvin. C. John Maynard Keynes. D. Kenneth Olsen.