Indexing Social Security payments:
A. no longer requires a concerted effort on the part of Congress to maintain their real value.
B. still requires a concerted effort on the part of Congress to vote the amount of increase.
C. no longer requires a concerted effort on the part of Congress to maintain their nominal value.
D. still requires a concerted effort on the part of Congress to convert them to their nominal amounts.
A. no longer requires a concerted effort on the part of Congress to maintain their real value.
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Explain: "The law of increasing additional cost is an inevitable phenomenon in economics."
What will be an ideal response?
The deficit at natural level of output is called
A) full-employment deficit. B) mid-cycle deficit. C) structural deficit. D) cyclically adjusted deficit. E) all of the above