An annually budgeted budget can only be met if automatic stabilizers are effective
a. True
b. False
Indicate whether the statement is true or false
False
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Social Security is based on the concept of
a. private insurance supported by public money b. private insurance supported by private money c. specific retirement packages for each industry d. accumulation of your own funds that will be returned to you, with interest, upon retirement e. pay-as-you go
The number of unemployed divided by the labor force equals the:
A. duration rate. B. employment rate. C. unemployment rate. D. labor-force participation rate.
When the Fed raises the federal funds rate, the exchange rate ________ and net exports ________
A) increases; decreases B) does not change; decreases C) does not change; does not change D) decreases; decreases E) increases; increases
The above figure shows the U.S. market for 1 carat diamonds. Area B + area D is the
A) decrease in consumer surplus due to the import quota. B) importers' profit from the quota. C) gain in total surplus due to the import quota. D) deadweight loss from the import quota. E) increase in producer surplus due to the import quota.