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Indexing Social Security payments no longer requires a concerted effort on the part of Congress to maintain their real value

Indexing Social Security payments no longer requires a concerted effort on the part of Congress to maintain their real value

Indexing Social Security payments:

A. no longer requires a concerted effort on the part of Congress to maintain their real value.

B. still requires a concerted effort on the part of Congress to vote the amount of increase.

C. no longer requires a concerted effort on the part of Congress to maintain their nominal value.

D. still requires a concerted effort on the part of Congress to convert them to their nominal amounts.

92.When something is indexed:

A. its value is automatically adjusted in proportion to the cost of living.

B. it is expressed as nominal value multiplied by price index.

C. its real value is converted into nominal terms for comparison.

D. its relative rank in consumption items is compensated for relative to its cost.

93.COLA stands for:

A. cost-of-living adjustment.

B. cost-of-living aggregate.

C. capital operations leasing adjustment.

D. capital operations leasing agreement.

94.Cost-of-living adjustments are:

A. indexed payments.

B. not common in the U.S.

C. used to automatically keep the real value of salaries or other payments constant, without having to renegotiate contracts or pass new laws.

D. All of these statements are true.

95.Just as indexing allows us to compare the cost of living across different periods of time, the ____________ is used to allow us to compare the cost of living across different locations.

A. consumer purchasing index

B. purchasing power index

C. producer purchasing index

D. retail power parity

96.PPP is the acronym for:

A. producer purchasing power.

B. purchasing power parity.

C. producer power parity.

D. purchasing price power.

97.Purchasing power parity:

A. is the theory that purchasing power in different countries should be the same when stated in a common currency.

B. allows us to compare the cost of living across different locations.

C. almost never holds in reality.

D. All of these statements are true.

98.Which of the following reasons can explain why purchasing power parity doesn't hold?

A. Transactions costs

B. Political pressures

C. Fixed prices

D. All of these are reasons why purchasing power parity doesn't hold.

99.Which of the following reasons can explain why purchasing power parity doesn't hold?

A. Transactions costs

B. Nontradables

C. Trade restrictions

D. All of these are reasons why purchasing power parity doesn't hold.

100.Which of the following reasons can explain why purchasing power parity doesn't hold?

A. Trade restrictions

B. Subsidies

C. Political pressures

D. Purchasing power parity always holds.

abhinav behal 15-Feb-2020

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