When Social Security checks were first issued the nominal amount:
A. regularly increased by 5 % every 3 months.
B. regularly increased by 10 % every 3 years.
C. stayed 3% above the poverty level for all recipients.
D. stayed the same for the life of the payments.
Answer: D
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A natural monopoly under rate of return regulation has an incentive to
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Why is it difficult for the market to deliver socially efficient quantities of goods like clean air or street lighting?
What will be an ideal response?
The most important determinant of the decisions to lend or borrow is the real rate of interest
a. True b. False Indicate whether the statement is true or false
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a. (i) and (ii) b. (ii) and (iii) c. (i) and (iii) d. All of the above are correct.