The Social Security Fund is designed as
A) a pay-as-you-go system.
B) an investment portfolio that individual contributors can make periodic payments into.
C) an account that allows periodic withdrawals by contributors.
D) an individual account with a federal reserve bank.
Answer: A
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Based on the table above, the cost of the base period market basket in 2013 is
A) $3,300. B) $4,885. C) $4,650. D) $3,885. E) None of the above answers is correct.
What has been the trend in eliminating poverty since 1960?
What do economists call a situation in which consumers buy a different quantity than they did before, at every price?
(A) A move along the demand curve. (B) A shift in size of the demand curve. (C) A change in expectations. (D) A change in demand.
In the aggregate expenditures model, equilibrium occurs if:
A. aggregate expenditures (AE) are greater than GDP. B. aggregate expenditures (AE) are less than GDP. C. there is no unplanned inventory depletion or accumulation. D. consumption equals investment.