Which of the following is not held constant in a supply schedule?
a. production technology
b. the price of the good
c. the prices of inputs
d. expectations
b
Economics
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Which of the following statements about the Social Security, Medicare, and Medicaid programs is true?
A) Some economists have argued for decreasing taxes to help with these programs' funding problems. B) Spending on these three programs will rise from 9.7% of GDP currently to 10.2% of GDP by 2050. C) Costs are being driven up by the fact that Americans are living longer and medical costs are rising substantially. D) Some economists have argued for increasing benefits to help with these programs' funding problems.
Economics
Explain what economists mean by full employment and why this rate of unemployment is not zero
What will be an ideal response?
Economics