Social Security _____
a. reduces the incentive to save
b. increases the incentive to save
c. has no effect on saving
d. increases the incentive to save when population growth is falling and decreases the incentive to save when population growth is falling
a
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During an economic boom
A) aggregate demand exceeds aggregate supply. B) potential output exceeds quantity demanded. C) actual output exceeds potential output. D) potential output exceeds actual output.
The figure below shows an individual's demand for items from a warehouse club. All of the people who shop at the warehouse club have the same demand. If the managers use two-part pricing, the membership fee (the access fee) is ________ and the price per item (the user fee) is ________ .
A) $80; $6 per unit
B) $60; $6 per unit
C) $40; $10 per unit
D) $20; $10 per unit
Microeconomics analyzes individual parts of the economy rather than broad economic aggregates
a. True b. False
A problem with currency boards is that the central bank loses:
A. influence over interest rates. B. a flexible exchange rate is always preferred to a pegged exchange rate. C. control over the government budget. D. the ability to supervise banks.