Prior to 1984, which of the following groups were exempted from the Social Security program?
a. federal workers
b. Teamsters
c. members of Congress
d. a and c
d
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The consumption function is the relationship between consumption and
A. disposable income. B. total spending. C. investment. D. planned aggregate expenditure.
A large open economy increases its desired saving. This causes the world real interest rate to ________ and the country's current account balance to ________
A) fall; fall B) remain unchanged; rise C) fall; rise D) remain unchanged; fall
If a firm is operating in the range of diseconomies of scale, and if it is currently at the minimum point of its short-run average total cost curve, explain what action it can take to reduce its costs, if it does not want to change the quantity of output that it is producing
If the price of one input changes, the firm will change its use of that input only
a. True b. False Indicate whether the statement is true or false