(Last Word) In 1960 the ratio of workers to Social Security and Medicare beneficiaries was ______; by 2040 it is projected to be _________
A. 10:1; 3:1
B. 3:1; 2:1
C. 5:1; 2:1
D. 2:1; 3:1
C. 5:1; 2:1
Economics
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Refer to Figure 28-2. Suppose the economy is at point B in the figure above. Which of the following is true?
A) The economy is producing at potential GDP. B) The expected rate of inflation is 3%. C) The natural rate of unemployment is 3.8%. D) The current unemployment rate is 5%. E) Expected inflation and actual inflation are the same.
Economics
Which of the following is incorrect? During the Great Recession U.S:
a. Real GDP fell. b. Unemployment rose. c. Monetary base fell. d. Inflation fell. e. All of the above are correct.
Economics