If you index Social Security benefits for prices rather than wages, this is likely to
A. increase benefits.
B. bring about Social Security bankruptcy earlier.
C. prevent Social Security bankruptcy altogether.
D. reduce benefits.
Answer: D
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Refer to Figure 3-4. If the price is $25
A) there is a shortage of 300 units. B) there is a shortage of 200 units. C) there is a surplus of 200 units. D) there is a surplus of 300 units.
The Supplemental Security Income (SSI) program focuses on the poor who are sick or disabled
a. True b. False Indicate whether the statement is true or false
The legislation which outlawed stock-purchase mergers that would substantially reduce competition was the:
A. Sherman Act. B. Clayton Act. C. Robinson-Patman Act. D. Celler-Kefauver Act.
Given the zero lower bound on the nominal rate, the lowest real interest rate the central bank can achieve is
A) - . B) . C) 0. D) i.