Which of the following is not a program that is managed using fiscal policy?
A) Unemployment benefits
B) Social Security
C) Mortgage rates
D) Corporate taxes
Ans: C) Mortgage rates
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Which of the following would be considered human capital?
a. the financial capital a person earns over a lifetime of investing b. the machinery a worker uses to produce a product c. the training a worker receives when starting a new job d. the break room in a factory where employees go to have coffee
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If a hurricane were to wipe out the majority of the eastern seaboard in the United States, it would likely cause a:
A. short-run supply shock. B. long-run supply shock. C. long-run demand shock. D. short-run demand shock.