Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN: 9781305506756
Author: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher: Cengage Learning
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Chapter ST2, Problem 2CQ
To determine
The social security system.
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What do economists mean when they refer to Social Security as a pay-as-you-go plan? What is the Social Security trust fund? What is the nature of the long-run fiscal imbalance in the Social Security retirement system? What are the broad options for addressing this problem?
Which of the following changes in the last half century have caused the most financial stress on our social security system.
A. wage cap is too large
B. Fewer amount of workers
C. life expectancy after retirement has increased
D. number of people retiring is too high
The government, business and household sectors are all suppliers of funds into the financial system.
Is it true or false?
Chapter ST2 Solutions
Macroeconomics: Private and Public Choice (MindTap Course List)
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- Explain how financial crisis can impact public sector delivery and performance?arrow_forwardshould privatize Social Security in this country? Why or why not? Describe at least one advantage and one disadvantage to privatizing Social Security.arrow_forwardDescribe five ways that will ensure the properly used of accumulated savings by the government.arrow_forward
- Describe Debt Management?arrow_forwardWhich of the following is NOT typically a role for a financial intermediary...? make public financial statements of borrowers evaluate the riskiness of lending to borrowers pool funds from lenders monitor the financial conditions of borrowersarrow_forwardThere is a growing concern among tax payers that ‘too big to fail’ (TBTF) creates moral hazard problems and leads to excessive risk-taking and reckless investment decisions by large financial institutions. This unfortunately exposes the tax payer and the economic system to excessive cost. What are the issues surrounding “too big to fail”? Is it possible for the legislative authority to simply “outlaw” TBTF institutions? Why or why not?arrow_forward
- Conduct an argument on why social Security should not be privatized. Describe the disadvantages on why social Security should not be privatazed.arrow_forwardwhat is the formula for the rate on long-term Treasury bonds?arrow_forward“Financial intermediaries play a crucial role in an economic crisis–they are responsiblefor both causing the market to crash and then helping it recover from the crisis.”Discuss with examples minimum 200 words if possible pleasearrow_forward
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