Technological advances shift the supply curve rightward.
Answer the following statement true (T) or false (F)
True
Economics
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Increasing the stock of capital while holding the labor force constant will ________ output at a(n) ________ rate
A) decrease; increasing B) increase; increasing C) increase; decreasing D) decrease; decreasing
Economics
Since Social Security benefits are paid from current contributions, the system is a
A) privatized system. B) overfunded system. C) "pay-as-you-go" system. D) defined contribution system.
Economics
The policy of keeping tax rates stable as government spending fluctuates is known as ________
A) Ricardian equivalence B) tax smoothing C) crowding-out D) a tax smoothie
Economics
An incentive is a
A) need. B) want. C) reward for desired behavior. D) resource.
Economics