Now that Social Security payments are indexed the:
A. nominal value is adjusted to maintain a constant real value.
B. real value is adjusted to maintain a constant nominal value.
C. payments are adjusted so retirees can buy more with their payments over time.
D. payments are not adjusted enough, so retirees can buy less with their payments over time.
A. nominal value is adjusted to maintain a constant real value.
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Suppose that a new seed technology improves corn yield by 20%. What is the market effect of that new technology?
A. A shift to the left of the supply curve that causes an increase in the price of corn. B. A shift to the left of the demand curve that causes a decrease in the price of corn. C. A shift to the right of the demand curve that causes an increase in the price of corn. D. A shift to the right of the supply curve that causes a decrease in the price of corn.
How does the decreasing use of traditional cameras affect the market for traditional camera film?
A) The quantity of traditional camera film demanded decreases. B) The demand curve for traditional camera film shifts to the right. C) The demand curve for traditional camera film shifts to the left. D) The quantity of traditional camera film demanded increases.