The White House's deficit commission has proposed several ways for the government to reduce the federal budget deficit, including raising the retirement age for Social Security
Other things equal, raising the retirement age for Social Security would tend to ________ the supply of labor and ________ the equilibrium wage rate. A) increase; raise
B) increase; lower
C) decrease; raise
D) decrease; lower
B
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The value of an investment in an index fund depends on
A. the earnings estimate for the major index constituent. B. the average performance of all mutual funds. C. what happens to the prices of all stocks in that index. D. the specific stock selection practices employed by the fund manager.
What structures make up the international capital markets?
A) stock market, IFM, and the World bank B) bond market, foreign exchange rates, IFM, and the World bank C) commercial banks, corporations, non-bank financial institutions, the central banks, and other government agencies D) commercial banks and corporations E) the central banks and non-bank financial institutions
The industry that most closely approximates the conditions of the oligopoly model is:
a. Restaurant. b. Retail clothing. c. Home construction. d. Airlines.
Given the following formula for the Taylor rule:Target federal funds rate = natural rate of interest + current inflation + 1/2(inflation gap) +1/2(output gap) If output in the economy were to fall by an additional one percent below potential, the target federal funds rate would:
A. Increase by 1.5%. B. Remain at 2.5%. C. Decrease by 0.5%. D. Decrease by 1.5%.