A 401(k) account means that the maximum amount of savings that can be deposited is $401,000.
A. True
B. False
C. Uncertain
B. False
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Which of the following happened during the recession of 2007-2009?
A) Housing prices rose. B) Unemployment increased. C) Consumption increased. D) Food prices rose.
From an initial long-run macroeconomic equilibrium, if the Federal Reserve anticipated that next year aggregate demand would grow significantly faster than long-run aggregate supply, then the Federal Reserve would most likely
A) increase interest rates. B) increase income tax rates. C) decrease income tax rates. D) decrease interest rates.
If the economy is in equilibrium at less than full employment, Keynesian economists would recommend that the government
a. do nothing b. pursue fiscal policy to stimulate aggregate demand c. pursue fiscal policy to stimulate aggregate supply d. balance the budget e. cut government spending to eliminate deficit spending
The lack of investment in developing countries is at least in part attributable to:
A. high levels of foreign aid. B. low levels of domestic savings. C. inappropriate education. D. overpopulation.