Since Social Security is a pay-as-you-go program, the funds for the people retiring today
A) come from those of us working today and in the future.
B) come from the Federal Reserve.
C) come from import taxes.
D) come from foreign sales of gold.
Answer: A
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What is measured on the horizontal axis on the aggregate demand graph?
A) nominal income B) real GDP per year C) unemployment D) the price level
The type of unemployment that arises from a decrease in real GDP is called
A) frictional unemployment. B) structural unemployment. C) downturn unemployment. D) non-expansion unemployment. E) cyclical unemployment.
Cross-subsidization implies that a loss from one product's sales will be made up by the profit from another product's sales
a. True b. False Indicate whether the statement is true or false
Which of the following statements is false?
A. Disinflation generally occurs during recessions. B. If the CPI rose from 100 to 500, the price level rose by 500 percent. C. If our economy is at full employment, the cyclical rate of unemployment would be zero percent. D. During business cycles, troughs are followed by recoveries.