Since the Social Security system began in 1935, the number of workers per retiree has
A) continually declined. B) stayed roughly the same.
C) continually risen. D) risen and declined with different generations.
A
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Bid-rigging is more likely when
a. auctions are for larger amounts b. auctions are frequent c. auctions are infrequent d. the auctioneer is paid on commission rather than a fixed fee
?
Exhibit 10A-3 Macro AD-AS Model
In Exhibit 10A-3, the level of real GDP represented by Yp:
A. ?is potential real GDP for this economy. B. ?indicates that the economy is experiencing zero inflation. C. indicates that the economy is experiencing a recessionary gap. D. ?would be associated with considerable unemployment.
Which of the following is a reason why Fed policy might be ineffective?
A. The wealth effect B. Crowding out C. The liquidity trap D. The foreign substitution effect
Gloria works for a museum in a large city with many other museums. Her boss proposes that the museum should raise the price of admission to increase revenues. Gloria was a good student in her economics principles course. How should she advise her boss?
What will be an ideal response?