Payments to Social Security recipients would decline if the retirement age were lowered
a. True
b. False
Indicate whether the statement is true or false
False
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In the long run, an increase in the quantity of money leads to
A) a smaller percentage increase in the real interest rate. B) a smaller percentage increase in the price level. C) an equal percentage increase in the price level. D) no effect on the price level or on real GDP. E) an equal percentage increase in the real interest rate.
In a game with more than three players, the vertical axis on the left side of the graph measures payoffs and the vertical axis on the right side of the graph measures the number of players
Indicate whether the statement is true or false
There is very little economic mobility in the United States, which means that once a family is poor, it is very likely to remain poor for at least a decade
a. True b. False Indicate whether the statement is true or false
(Consider This) According to Dallas Federal Reserve economist W. Michael Cox, taken to its extreme, the logic of "buying American" implies that:
A. we should buy everything from abroad. B. people should only consume what they can produce themselves. C. consumers should only buy goods from other states. D. the best-quality goods are found in the United States.