The Social Security system was founded
A) during the Civil War, to pay pensions for veterans.
B) during the last years of the nineteenth century, as people who had once depended on having a family farm found themselves without a means of support.
C) as the United States began to recover from the Great Depression.
D) in response to concerns that arose during the high inflation of the 1970s.
C
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In the above figure, the lowest price for which the firm will sell its second ton of wheat is
A) $25. B) $50. C) $75. D) $100.
Which of the following multiplier concepts is most important from the point of view of devising an activist policy?
A) the income and money-creation multipliers B) the dynamic multipliers, that is the timing of multiplier effects given a policy change C) the long-term multipliers, that is the total effect from several time periods given a policy change D) the money-creation multiplier