Social Security annual benefits to retirees
A. Are higher for high-income workers and lower for low-income workers.
B. Are equal to the retirees' average annual salaries when they were working.
C. Are higher for low-income workers and lower for high-income workers.
D. Do not depend on prior earnings.
Answer: A
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In tacit collusion, price visibility ________ the cost of cheating and ________ the temptation to cheat.
A) decreases; increases B) increases; increases C) decreases; decreases D) increases; decreases
If loans are $69,000 . excess reserves are $1,400, and demand deposits are $80,000 . then the legal reserve requirement must be
a. 1.75 percent b. 12 percent c. 13.75 percent d. 17.5 percent e. 0.12 percent
Which of the following is NOT part of M1?
A. money market deposit accounts B. coin and currency C. traveler's checks D. checking deposits
The Ricardian Equivalence holds only if
A) the government is altruistic. B) there are no binding credit constraints. C) the government runs deficits. D) the government runs surpluses.