The age-earnings cycle is
A. the relationship between earnings while working and retirement benefits for an individual.
B. the distribution of money income by age.
C. the regular earnings profile of an individual throughout his or her lifetime.
D. the distribution of wealth by age.
Answer: C
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Which of the following is a macroeconomic subject?
a. umbrellas produced by a firm b. wages earned by a firm producing umbrellas c. cost of producing military aircraft d. savings in the national economy e. profit earned by a firm producing military aircraft
Other things being equal, the quantity of money that people wish to hold can be expected to:
a. None of the answers are correct. b. increase as the interest rate increases. c. decrease as real GDP increases. d. decrease as the interest rate increases.
"In the loanable funds market, when there is a shortage of funds, the real interest rate will increase." Explain whether the previous statement is correct or not
What will be an ideal response?
Reasons that the recession of 2008-2009 did not become a depression include:
i. The Fed bailed out troubled financial institutions. ii. The government aggressively balanced its budget. iii. The government increased its expenditures, which increased aggregate demand. A) i only B) ii only C) iii only D) i and iii E) i and ii