An individual's payment into Social Security is kept in his or her account so that the individual retirement benefit he or she receives is drawn from that account
Indicate whether the statement is true or false
F
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When the MPC gets smaller, the spending multiplier:
a. gets larger. b. gets smaller. c. stays the same. d. gets smaller at low real GDP, and larger at high real GDP. e. gets larger at low real GDP, and smaller at high real GDP.
For the single-price monopoly, marginal revenue is
a. more important than marginal cost b. always more than marginal cost c. always less than average cost d. always less than the price of output e. more significant than total revenue
A pure discount bond is also known as a:
A. coupon bond. B. consol. C. zero-coupon bond. D. fixed payment loan.
If the market for a good consists of a downward sloping demand curve and a vertical supply curve, sellers will have to pay the whole amount of a newly imposed tax.
Answer the following statement true (T) or false (F)