One major problem with Social Security is that it is a “pay as you go” system.
Answer the following statement true (T) or false (F)
True
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What are the environmental costs of price support programs for farmers?
What will be an ideal response?
Bank depositors will not lose their deposits in a banking panic if:
A. there is 100% reserve banking. B. there is fractional reserve banking. C. there is a central bank. D. the actual reserve/deposit ratio equals the desired reserve/deposit ratio.
The greater the elasticity of demand for a final product, we find ________ the demand for the factor inputs
A) the greater will be B) the lower will be C) that it will not impact D) The answer cannot be determined.
Use the following figure for the federal funds market to answer the next question.
If the Fed supplies $300 billion in reserves, the equilibrium federal funds rate is ________.
A. 5.0% B. 6.0% C. 5.5% D. Undeterminable with the information given.