Suppose a new employee is promised a pension payment of $8000 in the twenty-fourth year after joining the firm. The current pension contribution is $1200 a year. Assuming a six percent rate of return, their pension plan is said to be

The long-run aggregate supply curve

A. is vertical because there is one price level and an infinite number of outputs. B. relates the level of nominal output produced by firms to the implicit price deflator. C. relates the level of output produced by firms to the price level in the long run. D. is determined by the real output demanded by economic agents in an economy.

The Civil War was a result of

(a) the dispute over slave ownership in the South. (b) attempts to keep slaves out of the West. (c) attempts to protect state rights over federal control. (d) all of the above.