1. How would changing the pension formula in the federal employees retirment system reduce the defecit?...

1. How would changing the pension formula in the federal employees retirment system reduce the defecit?

2. How would raising the age of elegibility for social securityreduce the defecit?

Expert Solution

Solution:-

ekkarill92 answered 1 year ago

For what reasons would employees demand and employers grant fringe benefits such as insurance, pension, and...

For what reasons would employees demand and employers grant fringe benefits such as insurance, pension, and health programs instead of simply increasing wage rates?

What would be a strength and weaknesses of the US federal system?

When a recession hits, the Federal Reserve would be expected to: reduce the required reserve ratio,...

When a recession hits, the Federal Reserve would be expected to: reduce the required reserve ratio, reduce the discount rate, and buy securities in the open market reduce the required reserve ratio, reduce the discount rate, and sell securities on the open market reduce the required reserve ratio, increase the discount rate, and buy securities on the open market increase the required reserve ratio, increase the discount rate, and buy securities on the open market

Suppose the Federal Reserve announced that it would pursue contractionary monetary policy to reduce the inflation...

Suppose the Federal Reserve announced that it would pursue contractionary monetary policy to reduce the inflation rate. True or False: If wage contracts have short duration, it would make the recession induced by contractionary monetary policy more severe. True False A recession induced by contractionary monetary policy will be more severe if there is confidence in the Fed's determination to reduce inflation. True or False: If expectations of inflation adjust quickly to actual inflation, it would make the recession induced...

Recently,the idea of changing our federal tax system has been back in the news.What do you...

Recently,the idea of changing our federal tax system has been back in the news.What do you think of the idea of changing our tax system to a sales tax or perhaps a VAT? If you support such a change,would it increase or decrease government revenue?Would its incidence be regressive,proportional,or progressive?Remember,a flat sales tax it actually regressive.Or do you support just altering our current system if so,how?

Show the formula for Lq for an M/G/1 system simplifies to the formula for an M/M/1...

Show the formula for Lq for an M/G/1 system simplifies to the formula for an M/M/1 when G is exponential distribution (G=M)

1. What are the main differences between a pay-as-you-go (PAYG) pension system and capital-funded pension system?...

1. What are the main differences between a pay-as-you-go (PAYG) pension system and capital-funded pension system? 2. What is the major problem of a PAYG system? Please explain it in a few sentences and the formula above. 3.What is a major problem of capital funded pension systems?

How would a carbon tax reduce the carbon footprint of someone and how would a cap...

How would a carbon tax reduce the carbon footprint of someone and how would a cap and trade mechanism achieve the same result?

1. Will changing your physical activities and dietary habits reduce the risks of some diseases? Why...

1. Will changing your physical activities and dietary habits reduce the risks of some diseases? Why or why not? 2. With all the nutrients stored in the body, would it be ok to just consume the minimal amounts of inseminate and minerals? 3. IS it good to follow the dietary guidelines? Yes or No? What is the guidelines designed for?

1. The Social Security retirement system: a. is a fully funded pension system. b. is a...

1. The Social Security retirement system: a. is a fully funded pension system. b. is a tax-financed system that pays benefits from taxes that are invested to return principal and interest to workers when they retire. c. is a tax-financed retirement system that finances pensions by taxing workers each year and transferring the bulk of revenues obtained directly to retirees. d. does not use taxes on workers to pay pensions to retirees. The growth in hourly wages over the past...

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