Social Security payments:
A. began to be indexed to inflation in 1975.
B. are now indexed using the PPI.
C. are not adjusted using COLAs.
D. began to be adjusted to 5% above the poverty line in 1987.
A. began to be indexed to inflation in 1975.
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Which of the following is not an example of human capital formation?
A) Increases in the educational achievements of the population B) Increases in job skills of the labor force C) Improvements in the nutrition and health of the labor force D) Increases in the birth rate of the population
Even though international trade in undertaken voluntarily, a country that engages in trade may not benefit from it
a. True b. False Indicate whether the statement is true or false
If an economy's capital stock is greater at the end of the year than at the beginning of the year, over this period,
a. net investment has been positive. b. depreciation has exceeded net investment. c. depreciation has exceeded gross investment. d. net investment has exceeded gross investment.
Using the Taylor rule, if inflation is 1 percent, desired inflation is 2 percent, and output is 2 percentage points above potential, the Fed should target a federal funds rate of:
A. 3.0. B. 3.5. C. 6.5. D. 4.5.