In the United States
a. only those who have made previous contributions to the program are entitled to receive the benefits of social insurance programs
b. anyone with children is entitled to receive the benefits of social insurance programs
c. anyone over 65 is eligible to receive the benefits of social insurance programs
d. all taxpayers are eligible to receive the benefits of social insurance programs
e. all poor families with children are eligible to receive the benefits of social insurance programs
A
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Refer to Table 4-4. Suppose that the quantity of labor demanded increases by 40,000 at each wage level. What are the new free market equilibrium hourly wage and the new equilibrium quantity of labor?
A) W = $8.00; Q = 390,000 B) W = $9.50; Q = 380,000 C) W = $10.00; Q = 390,000 D) W = $8.50; Q = 380,000
Which of the following gives the Fed a credibility problem because the Fed may change its planned policies in light of new economic developments?
a. Adaptive expectations b. Time inconsistency c. Wage expectations d. Disinflation e. Rational expectations