Author Question: According to this Application, which of the following is NOT a strategy that the government can ... (Read 39 times)

bobbie · **on:** Jun 30, 2018

According to this Application, which of the following is NOT a strategy that the government can pursue to address the rising cost of federal retirement and health care programs?

A) increase the age at which retirement benefits begin to be paid
B) promote government saving and investment to increase real GDP over time
C) borrow from the public to finance the programs
D) reform the health care system to encourage more competition to reduce health care expenditures

Question 2

As demonstrated by the labor supply schedule, the quantity of labor supplied depends on

A) workers' productivity.
B) the value of the dollar.
C) the nominal wage.
D) the amount of labor that firms want to hire.
E) the real wage.