The unemployment rate is equal to the natural unemployment rate at
A) some point within the interior of the physical PPF but beyond the institutional PPF.
B) some point within the interior of the physical PPF, but we cannot locate it with more accuracy.
C) some point within the interior of the institutional PPF, but we cannot locate it with more accuracy.
D) every point on the institutional PPF.
E) every point on the physical PPF.
D
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If the marginal tax rate is 20%, by how much must income have increased if your tax bill increases by $300?
A. $1,500 B. $300 C. $1,000 D. Cannot be determined
In the early 1980s, rising interest rates caused a tremendous __________ in the value of savings-and-loan __________
A) inflow; liabilities B) inflow; assets C) outflow; liabilities D) outflow; assets
Competitive markets generally do not provide unemployment insurance because of
A. problems created by moral hazard. B. problems created by externalities. C. problems created by cost disease. D. unemployment insurance is a public good.
The pay-as-you-go nature of the Social Security system means that _____
a. current beneficiaries are paid out of general tax revenues
b. current beneficiaries are paid out of the payroll taxes levied on current workers
c. current beneficiaries are paid based on contributions made during their last five working years
d. current beneficiaries are paid out of current earnings on the Social Security trust fund