The stock market boom during the 1990s
A) boosted consumption relative to income.
B) depressed the percentage of disposable income saved by households.
C) may explain the behavior of household savings during that decade.
D) All of the above.
D
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What will be an ideal response?
Pension funds ________
A) acquire access to funds by accepting deposits then using these monies to lend to households and firms B) raise funds by selling commercial paper then lend these funds to consumers C) are a special type of mutual fund D) acquire access to monies through the payment of premiums by employees
According to the Taylor rule, the Fed will set the federal funds rate target based on which of the following?
A) an estimated long-run real interest rate B) the current deviation of the actual inflation rate from the Fed's inflation objective C) the proportionate gap between actual real GDP and a measure of potential real GDP D) all of the above
If a firm refuses to hire any minorities due to a personal prejudice, its profits
a. will increase markedly. b. will decrease. c. will not be affected. d. will increase slightly.