If the actual money multiplier equals the potential money multiplier, and if the Fed wishes to reduce the money supply by $1 million when the reserve ratio is 10 percent, then the Fed should

One problem with the concept of utilitarianism is that

A) there is a cost to transferring income from the rich to the poor. B) there are increasing marginal costs. C) there are decreasing marginal benefits. D) markets cannot adjust to income redistribution.

In 2003, the Social Security tax was around _____ of total federal taxes

a. 17 percent b. 26 percent c. 31 percent d. 39 percent