Since Social Security is a pay-as-you-go program, the funds for the people retiring today

A) come from those of us working today and in the future.
B) come from the Federal Reserve.
C) come from import taxes.
D) come from foreign sales of gold.

A

Economics

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Financial innovations such as ATMs and electronic banking have caused an increase in the demand for money

Indicate whether the statement is true or false

Economics

With the assumption that some voluntary exchanges that would make both parties better off are somehow being blocked, we have the basis for a ________ macroeconomic model, such as those constructed by ________ economists

A) non-market-clearing, New Keynesian B) non-market-clearing, New Classical C) market-clearing, New Keynesian D) market-clearing, New Classical

Economics