If You Were Building a Macroeconomic Model That Explores the Effect

question 32

Multiple Choice

If you were building a macroeconomic model that explores the effect of the aging population on the needed expenditure for social security and health care,the exogenous variable(s) would be the

• A) aging population.
• B) needed expenditure on social security.
• C) needed expenditure on health care.
• D) needed expenditure on both social security and health care.

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Definitions:

Total Assets

The entirety of what a company or individual owns, including money, securities, equipment, and real estate.

Sherman Act

A landmark federal statute in the antitrust law that prohibits monopolistic practices and promotes competition.

Robinson-Patman Act

A United States federal law aimed at preventing anticompetitive practices by producers, specifically price discrimination.

Clayton Act

A United States antitrust law enacted in 1914 aimed at increasing economic competition by prohibiting certain types of anti-competitive practices.