Demographic conditions
a. were much less favorable for the Social Security system in 1950 than is currently the case.
b. are currently unfavorable because the number of retirees is growing rapidly as the result of the high birth rate in the United States during 1930-1945.
c. will be less favorable for the Social Security system once the baby boom generation begins to retire.
d. don't affect the financial status of the Social Security system because it is based on the same principles as private insurance programs.
C
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Assuming all excess reserves are loaned out, currency holdings by the public are zero, and a reserve ratio of 20 percent, an initial deposit of $850 will lead to total deposits of
A) $425. B) $850. C) $4,250. D) $42,500.
Refer to Table 9-16. Looking at the table above, real wages ________ from 2014 to 2015, and real wages ________ from 2015 to 2016
A) fell; fell B) fell; rose C) rose; fell D) rose; rose
A current account surplus implies that
A) the country is a net lender with the rest of the world. B) the country is running a net capital account surplus. C) foreign investment in domestic securities is at very low levels. D) All of the above.
Backloaded compensation makes the wage profile increase at a decreasing rate
Indicate whether the statement is true or false