If AD1 shifts to AD2, the full multiplier effect would be an increase in real GDP from:

What is the Earned Income Tax Credit?

What will be an ideal response?

Social insurance is distinguished from public assistance, or welfare, by the fact that:

A. All social insurance benefits are paid in cash while all public assistance benefits are paid in kind (food, housing, medical care) B. An individual acquires a right to social insurance benefits by meeting objective eligibility criteria while public assistance benefits are determined according to individual need C. The total amount paid in benefits is much larger in the public assistance programs than in the social insurance programs D. Payroll taxes are used to finance public assistance programs while general revenues are used to finance social insurance programs