What is the age-earnings cycle? What is the typical age-earnings profile for a U.S. resident?
What will be an ideal response?
The age-earnings cycle is the regular earnings profile of an individual throughout his or her lifetime. It usually starts with a low income, builds gradually to a peak at around age 50, and then gradually curves down until retirement age, at which time it approaches zero.
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A bank has $400 in checkable deposits, $800 in savings deposits, $700 in time deposits, $900 in loans to businesses, $300 in outstanding credit card balances, $500 in government securities, $10 in currency in its vault, and $20 in deposits at the Fed
. The bank's deposits that are part of M1 are equal to A) $1,210. B) $1,900. C) $400. D) $410. E) $530.
How are unemployment, inflation, and the business cycle related?
What will be an ideal response?
How is the IMF funded?
What will be an ideal response?
You are likely to think that the relative price of your good has risen and you should increase your output if you expected
A) the inflation rate to be 10% and the price of your good rose 7%. B) the inflation rate to be 10% and the price of your good rose 10%. C) the inflation rate to be 10% and the price of your good rose 13%. D) the inflation rate to be 0% and the price of your good fell 10%.