When workers save less during their working lives due to the fact that they have been paying Social Security taxes, this is known as

Everything else held constant, when output is ________ the natural rate level, wages will begin to ________, decreasing short-run aggregate supply

A) above; fall B) above; rise C) below; fall D) below; rise

Discounting involves dividing next-period income by ________

A) one plus the real rate of interest B) the nominal rate of interest C) current income D) the real rate of interest