Social Security A) has not been successful in reducing poverty among elderly Ame

Question

Social Security A) has not been successful in reducing poverty among elderly Americans. B) currently pays retirees benefits equal to what they paid into the system. C) has a greater number of workers per retiree today as compared to when it started. D) is a system whereby current retirees are paid benefits from taxes collected from current workers. 3.Decreasing government spending ________ the price level and ________ equilibrium real GDP. A) decreases; decreases B) increases; increases C) increases; decreases D) decreases; increases An increase in the money supply will A) decrease the interest rate. B) increase the interest rate. C) decrease the equilibrium quantity of money in the economy. D) have no affect on the interest rate.

Explanation / Answer

C) has a greater number of workers per retiree today as compared to when it started

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