Which of the following is NOT part of the "four-legged stool" of retirement income?
A. Individual savings
B. Employer retirement plans
C. Social Security
D. Full-time work
Answer: D
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A falling price level in conjunction with rising output would be evidence in favor of which model?
a. Keynesian model. b. monetarist model. c. real business cycle model. d. a and b. e. none of the above.
Refer to the information provided in Figure 30.1 below to answer the question(s) that follow.
Figure 30.1Refer to Figure 30.1. Which of the following could cause a movement from Point C to Point B?
A. a decrease in the interest rate B. an increase in the interest rate C. positive growth in aggregate output D. negative growth in aggregate output
MV = PY represents the
A. banking equilibrium. B. federal funds equation. C. Keynesian equation of equality. D. quantity theory of money.
A price floor set above a market equilibrium price causes
A) a surplus. B) a shortage. C) producers to receive lower prices. D) consumers to pay lower prices.