Which of the following provides health-care coverage to people age 65 and over?
C) Social Security
Since the Social Security system began in 1935,the number of workers per retiree has
A) stayed roughly the same.
B) continually risen.
C) continually declined.
D) risen and declined with different generations.
The tax increases necessary to fund future Social Security and Medicare benefit payments would be
A) small, and have little effect on economic growth.
B) small, but could discourage work effort, entrepreneurship and investment, thereby slowing economic growth.
C) large, but would have little effect on economic growth.
D) large, and could discourage work effort, entrepreneurship and investment, thereby slowing economic growth.
A decrease in the marginal income tax rate is a fiscal policy which will increase aggregate demand.