Private employees (more frequently than public employees) tend to have their private retirements in
A. Ponzi schemes.
B. defined contribution programs.
C. defined benefit pension programs.
D. Social Security.
Answer: B
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If the real interest rate is -1.4% and the nominal interest rate is 0.6%, expected inflation equals
A) -2% B) -0.8% C) 0.8% D) 2%
The substitution effect of an increase in the interest rate will result in an increase in
a. consumption when young and increase in savings when young. b. consumption when old and an increase in savings when young. c. consumption when young and an increase in savings when old. d. savings when old and an increase in consumption when old.
Municipal bonds
A) are issued by state and local governments. B) pay interest that is fully taxable. C) are issued by corporations. D) are issued by the federal government.
Why are entrepreneurs important in a market economy?
What will be an ideal response?