If you were building a macroeconomic model that explores the effect of the aging population on the needed expenditure for Social Security and Medicare, the exogenous variable(s) would be the
A) aging population.
B) needed expenditure on Social Security.
C) needed expenditure on Medicare.
D) needed expenditure on both Social Security and Medicare.
A
Economics
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A) both designing and stitching B) designing C) shutting its factory D) stitching
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From society's point of view, a monopolist produces too little because price
A. is less than average cost. B. exceeds marginal cost. C. is less than marginal cost. D. exceeds average cost.
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