Of the combined Social Security tax rate, _____ goes to pay for _____
a. 2.9; Medicaid
b. 2.7; Medicare
c. 2.9; Medicare
d. 2.7; Medicaid
c
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Which of the following is NOT an effect from a change in the federal funds rate?
A) change in the real interest rate B) change in investment C) change in government expenditures D) change in aggregate demand E) change in the quantity of money
The primary cause of frictional unemployment is:
a. discouraged workers who give up looking for work. b. fluctuations in aggregate demand. c. the lack of training and marketable qualifications in job seekers. d. inaccurate information about job opportunities.
Public choice economists believe that if governments support special interest groups, they ______.
a. create chances for people to benefit through economic cooperation b. provide more opportunities for everyone c. make it look like people benefit most at the expense of everyone else d. create a false image that sharing resources can be beneficial to the economy
Because President Trump's tax cut in 2017 occurred when the economy was near full employment, economists were worried that the tax cut would potentially cause:
A. higher inflation. B. lower unemployment. C. higher unemployment. D. lower inflation.