There is an indirect relationship in the short run between actual price level and real GDP
Indicate whether the statement is true or false
false
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According to the benefit principle, the Social Security payroll tax is _____. According the ability-to-pay principle, the Social Security payroll tax is _____
a. equitable; equitable b. equitable; inequitable c. inequitable; equitable d. inequitable; inequitable
If you own 10% of the shares of a corporation's stock, and the corporation is expected to earn $9 million a year in after-tax profits forever, and the interest rate is 0.05, what is the value of your shares?
a. $18 million b. $900,000 c. $9 million d. $6 million e. $180 million
Which of the following correctly describes the automatic mechanism through which the economy adjusts to long-run equilibrium?
A) the leftward shift of the short-run aggregate supply curve that occurs after a recession B) the rightward shift of the short-run aggregate supply curve that occurs after a recession C) the leftward shift of the aggregate demand curve that occurs after a recession D) the rightward shift of the aggregate demand curve that occurs during a recession
The use of psychological incentives to solve commitment problems would be least effective in games played:
A. once between family members. B. repeatedly between strangers. C. once between strangers. D. repeatedly between family members.