The gross replacement rate is
A. the proportion of pretax earnings replaced by unemployment insurance.
B. a rate of employment in key sectors of the economy.
C. the percentage of each paycheck that is removed for unemployment insurance.
D. the rate that tax receipts are used to cover tax expenditures.
E. none of these answer options are correct.
A. the proportion of pretax earnings replaced by unemployment insurance.
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Which statement is true?
A. Private business firms are illegal in China. B. In China today, there is strict adherence to the communist credo, "From each according to his ability, to each according to his needs." C. Major economic reforms in China in the late 1970s and early 1980s created a much more market oriented economy than a centrally planned one. D. None of the statements are true.
To achieve long-run equilibrium in an economy with a recessionary gap, without the use of stabilization policy, the inflation rate must:
A. not change. B. increase. C. decrease. D. either increase or decrease depending on the relative shifts of AD and AS.
A production indifference curve is sometimes called “isoquants” since the term implies equal quantities of output.
Answer the following statement true (T) or false (F)
What are the costs associated with inflation?
What will be an ideal response?