The solvency of Social Security can be extended if
A. the trust fund invests in private corporate securities.
B. the tax rate is reduced.
C. the retirement age is reduced.
D. the cap on taxable earnings is lowered.
Answer: A
Economics
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An increase in taxes on labor earnings, everything else equal
a. shifts the labor supply curve to the left and increases the real wage. b. shifts the labor supply curve to the right and increases the real wage. c. shifts the labor supply curve to the right and reduces the real wage. d. shifts the labor supply curve to the left and reduces the real wage.
Economics
The IS curve shifts when all of the following variables change except
a. tax rates. b. interest rates. c. government spending. d. the marginal propensity to consume. e. both b and d.
Economics