Social Security payments:
A. cause concern for retirees, due to the increase in life expectancies.
B. continue to cause the elderly to lose income over time, since payments are not adjusted for inflation.
C. hold their real value because they are adjusted for inflation.
D. are the biggest drain on the retirees' budget each year.
Answer: C
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Which of the following is an asset to a bank?
a. Checkable deposits b. Transaction deposits c. Credit cards d. Loans e. Borrowings from the Fed
The growth accounting equation is
A. Y = AF(K, N) B. ?Y/Y = ?A/A + aK?K/K + aN?N/N C. ?Y/Y = ?A/A - aK?K/K - aN?N/N D. Y = AaKK aNN
Checkable deposits are included in
A. M1 but not in M2. B. M2 but not in M1. C. both M1 and M2. D. neither M1 nor M2.
Which of the following is the least likely to influence the natural rate of unemployment?
a) monopolies in the goods market b) labor unions c) payroll taxes d) unemployment insurance benefits e) monetary policy