Social insurance programs are
A. Available only to those at least 65 years old.
B. Event-conditional.
C. Considered a welfare program.
D. Means-tested.
Answer: B
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Refer to the table above. If the market price of wine is $8/bottle, and the market demand for wine is 19 bottles, David's consumption of wine is:
A) 4 bottles. B) 9 bottles. C) 7 bottles. D) 12 bottles.
By looking at aggregate demand via its component parts, we can conclude that the aggregate demand curve is downward sloping because
A) a lower inflation rate causes the real interest rate to fall, and stimulates planned investment spending. B) a lower inflation rate causes the real interest rate to rise, and stimulates planned investment spending. C) a higher inflation rate causes the real interest rate to fall, and stimulates planned investment spending. D) a higher inflation rate causes the real interest rate to rise, and stimulates planned investment spending.