Social Security checks began to be issued in:
A. 1929.
B. 1930.
C. 1940.
D. 1955.
C. 1940.
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A policy of a tax cut combined with increases in government purchases would shift the aggregate demand curve to the left
a. True b. False Indicate whether the statement is true or false
If the long-run equilibrium of an economy is disrupted by an unexpected shift to a more expansionary monetary policy, the policy shift will
a. reduce aggregate demand and real output in the short run. b. lead to a higher rate of unemployment in the short run. c. stimulate real output in the short run, but in the long run, its primary impact will be on the general level of prices. d. lead to an increase in the general level of prices in the short run, but in the long run, its primary impact will be an expansion in real output.
Which of the following changes a firm's production function?
A. hiring additional workers B. adding a second production facility exactly like its first production site C. acquiring additional physical capital D. adopting new technology
If we were to look at the demand curve for a business traveler on an airline versus a casual vacationer on the same airline, we would see that ______.
a. the business traveler would have a nearly horizontal curve b. both curves would have approximately the same slope c. the casual vacationer would have a less steep slope d. the casual vacationer would have a nearly vertical slope