Our ability to manage Social Security as a "pay-as-you-go" program (in which taxes collected from those currently working are used to make benefits payments to those currently retired) is impaired when the number of retirees per worker increases. The current concern about the stability of Social Security is based primarily on projections that there will many more retirees per worker as the baby boomers continue to retire. Then, if we want to maintain a pay-as-you-go system, we can:
A. raise payroll taxes to ease the burden on those currently working.
B. lower payroll taxes to compensate for the increase in the number of retirees.
C. lower payroll taxes to ease the burden on those currently working.
D. raise payroll taxes to compensate for the increase in the number of retirees.
Answer: D
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Answer the following statement(s) true (T) or false (F)
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A) investment, interest expenses, and the government budget deficit. B) investment, the government budget deficit, and the current account. C) investment, interest expenses, the government budget deficit, and the current account. D) investment, interest expenses, the government budget deficit, transfer payments, and the current account.
_________________ laws give government the power to block certain mergers or to break up large firms into small ones.
a. Monopoly b. Antitrust c. Mergers and acquisitions d. Business size
A law that requires the money supply to grow by a fixed percentage each year would eliminate
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