In 2009, the Social Security System ran a surplus of approximately $137 billion
a. True
b. False
Indicate whether the statement is true or false
True
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The above figure shows the market for laptops. Which of the following shifts the supply curve from S0 to S1?
A) an increase in the cost of hard drives B) a decrease in the price of laptops C) an increase in the number of laptop manufactures and sellers D) an increase in the price of laptops E) an increase in the productivity of the workers manufacturing laptops
One of the obstacles to efficiency is monopoly
Indicate whether the statement is true or false
Which of the following displays rivalry and excludability in consumption?
A) public goods B) private goods C) quasi-public goods D) common resources
If the AD curve is relatively flat, the Fed is willing to accept large changes in output to keep the price level stable.
Answer the following statement true (T) or false (F)