Saving done for the purpose of leaving an inheritance is called ________ saving.
A. public
B. precautionary
C. life-cycle
D. bequest
Answer: D
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Bond covenants are used to address the riskiness of bonds
Indicate whether the statement is true or false
The U.S. federal debt that accumulated between 1970 and 2010
A. Caused significant economic damage to the U.S. economy. B. Occurred at the expense of the foreign sector. C. Is an asset and a liability for the U.S. economy. D. Occurred without an increase in the size of the government sector.
A monetarist would advocate increasing the growth rate of money during an inflation.
Answer the following statement true (T) or false (F)
Firms may react to a payroll tax by
A. shifting to more capital intensive techniques. B. increasing workers' wages. C. increasing their output. D. substituting labor for capital.