The solvency of Social Security can be extended if
A. the tax rate is reduced.
B. the retirement age is increased.
C. the cap on taxable earnings is lowered.
D. the trust fund invests in government bonds.
Answer: B
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In economics, positive statements are about
A) the way things ought to be. B) the way things are. C) macroeconomics, not microeconomics. D) microeconomics, not macroeconomics.
The government can fight inflation by manipulating both aggregate demand and aggregate supply
a. True b. False Indicate whether the statement is true or false
Expansionary monetary policy will only temporarily depress interest rates in a basic proposition of the __________ school.
Fill in the blank(s) with the appropriate word(s).
Utility analysis is the analysis of
A. the psychology of decision making. B. the formation of tastes and preferences. C. how consumers decide how to earn more money. D. consumer decision making based on utility maximization.