In 2011, the Social Security program had costs of
A. $30 million.
B. $20 trillion.
C. $200 billion.
D. none of these answer options are correct.
D. none of these answer options are correct.
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Historical note: In separate court cases, ALCOA and DuPont both faced charges brought by the government that they
a. flooded the market with output to undermine its competition b. charged excessively high prices c. imposed illegal barriers to entry in their respective markets d. monopolized their markets e. sought to create monopolistic competition in their markets
Starting from long-run equilibrium, if the public anticipates that policymakers will increase aggregate demand by less than policymakers do increase aggregate demand, and if the short-run aggregate supply curve fully adjusts to the (incorrectly) anticipated increase in aggregate demand, then Real GDP will __________ and the price level will __________
A) rise; rise B) decline; fall C) stay constant; rise D) decline; rise
Suppose that the consumer price index at year-end 2004 was 140 and by year-end 2005 had risen to 150. What was the inflation rate during 2005?
What will be an ideal response?
The level of output determined by the intersection of the short-run aggregate supply curve and the aggregate demand curve:
A. is always below full-employment output. B. is always above full-employment output. C. always corresponds to full-employment output. D. may be above, below, or equal to full-employment output.