Retirement savings allows retirees to consume more of their disposable income because
A. they have a better work ethic than the young.
B. they have better credit histories than the young.
C. they can withdraw from their retirement savings accounts.
D. they do not have debt.
Answer: C
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The Continental Congress faced several constraints in its effort to finance the Revolutionary War. The largest source of funds for the War was:
a. excise taxes. b. domestic bond sales. c. borrowing from foreign powers, such as France. d. printing money.
Given the same unit costs, a monopolist will produce less output than a perfectly competitive firm
a. True b. False Indicate whether the statement is true or false
Look at your dollar bill. Is it crisp and unmarred or old, wrinkled, and bent? The difference has much to do with the number of times that poor dollar has had to work during the year. Economists refer to that number as the
a. quantity theory of money b. velocity of money c. equation of exchange d. reproduction rate of money e. expenditure rate of money
Which of the following is not true about excess reserves?
A. They change when the reserve requirement changes. B. They are equal to the required reserve ratio times transactions deposits. C. They are bank reserves beyond what the bank is required to hold. D. They represent the dollars an individual bank can lend.