Pay as you go financing for the Social Security System was abandoned in 1983
a. True
b. False
Indicate whether the statement is true or false
True
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The marginal product of capital is the increase in
A) capital needed to produce one more unit of output. B) output from a one-unit increase in capital. C) labor needed to accompany a one-unit increase in capital. D) output from a one-dollar increase in capital.
The text discusses how graduate teaching assistants can now unionize. Unionization often occurs when employers
A. Offer too many fringe benefits to their employees. B. Have no market power. C. Pay wages above the market wage rate. D. Have monopsony power.
According to classical macroeconomic theory, changes in the money supply affect
a. real GDP and the price level. b. real GDP but not the price level. c. the price level, but not real GDP. d. neither the price level nor real GDP.
The real GDP data could be properly thought of as a(n)
What will be an ideal response?