Life-cycle saving is saving:
A. to pay life-insurance premiums.
B. for protection against unexpected setbacks, such as the loss of a job or a medical emergency.
C. for the purpose of leaving an inheritance.
D. to meet long-term objectives, such as retirement, college attendance, or the purchase of a home.
Answer: D
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If the money prices of resources changes, the LAS curve shifts
Indicate whether the statement is true or false
Explain how the money market responds to a shortage of money or to a surplus of money.
What will be an ideal response?
What are menu costs?
A) the cost to a household of borrowing money when there is deflation B) the opportunity cost of dining in a restaurant instead of at home C) the costs to a firm of changing prices D) the full list of a firm's costs of production
The federal agency that regulates the New York Stock Exchange is the
a. Securities and Exchange Commission b. Department of Justice c. Department of Commerce d. Federal Reserve Board e. Department of the Treasury