Social Security payments:
A. began to be adjusted to 5% above the poverty line in 1987.
B. are not adjusted using COLAs.
C. are now indexed using the PPI.
D. began to be indexed to inflation in 1975.
Answer: D
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A perfectly competitive firm trying to maximize profits in the short run will expand output
A. until total revenue equals total cost. B. until marginal cost equals average variable cost. C. until marginal cost begins to rise. D. as long as marginal revenue is greater than marginal cost.
For the federal deficit to be lowered
A) the Federal Reserve must reduce the money supply. B) the federal government must decrease its spending and increase net exports. C) the federal government's expenditures must be lower than its tax revenue. D) the Federal Reserve must raise interest rates and lower the required reserve ratio.
The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 created an Office of Credit Ratings at the SEC with its own staff and the authority to fine credit-rating agencies and to deregister an agency if it produces bad ratings
This is an example of which remedy of conflicts of interest? A) regulate for transparency B) supervisory oversight C) leave it to the market D) socialization of information production
Which of the following policies is a positive supply-side lever?
A. Lowering the minimum reserve requirement. B. Open market operations. C. Income transfers. D. Human capital investment.