In 2014, income from the assets that workers have saved over their working lives constituted on average ________ of income for U.S. adults aged 65 and over.
A. 10 percent
B. 18 percent
C. 3 percent
D. 29 percent
Answer: A
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Capital expenditures:
a. are easily reversible b. are forms of operating expenditures c. Affect long-run future profitability d. Involve only money, not machinery e. none of the above
A beneficial supply shock would cause the FE line to
A. shift to the right. B. shift to the left. C. remain unchanged. D. remain unchanged if the shock is temporary; shift to the right if the shock is permanent.
For a consumer bound by the collateral constraint, a reduction in the price of the collateral leads to
A) nothing. B) an increase in current consumption and a decrease in future consumption. C) a decrease in current consumption and no change in future consumption. D) a decrease in current and future consumption.
Panel data
A) is also called longitudinal data. B) is the same as time series data. C) studies a group of people at a point in time. D) typically uses control and treatment groups.