From the end of the World War II, the debt-GDP ratio in the United States fell almost without interruption to a low point in ________, which marked the beginning of a long-run climb
A) 1955
B) 1962
C) 1974
D) 1984
E) 1990
C
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____________ occurs when a person is so heavily involved in one domain (work or family) and may not be psychologically or physically available for the other
a. Involvement balance b. Spillover c. Dominance d. Assimilation
The supply of public goods must be left to government and nonprofit institutions. Why?
Social Security payments:
A. cause concern for retirees, due to the increase in life expectancies. B. continue to cause the elderly to lose income over time, since payments are not adjusted for inflation. C. hold their real value because they are adjusted for inflation. D. are the biggest drain on the retirees' budget each year.
The Lucas supply function, in combination with the assumption that expectations are rational, implies that announced policy changes
A. will have no effect on real output. B. will have no effect on nominal output. C. will have no effect on the actual price level. D. will have no effect on the expected price level.