Use the following formula to answer the indicated question: Benefit amount = Maximum award - 0.4 (Wages in excess of ceiling) Lucy is retired and earns $12,000 per year working part-time. She is entitled to a maximum Social Security retirement benefit of $14,000. Social Security regulations allow her to earn $9,000 and still get maximum benefits. Lucy's total income, including Social Security benefits, is

Sal likes to eat pizza. The ________ is the maximum amount that Sal is willing to pay for one more piece of pizza

A) efficient price B) efficient amount C) marginal benefit D) marginal cost

If cyclical unemployment is negative, then

A) the actual unemployment rate is below the natural rate of unemployment. B) the natural rate of unemployment is getting smaller. C) there have been some errors in classifying the type of unemployment experienced by some people. D) structural unemployment must be increasing.