Status-quo bias is:
A. a person's choice being influenced by others' opinions.
B. not overcome in the SMarT program because saving is not the default option.
C. a reluctance to make active decisions to change something, even if it is fairly easy to do so.
D. All of these statements are true.
Answer: C
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Which of the following believe that discretionary monetary policy and discretionary fiscal policy are effective countercyclical policy actions? activists
a. rule advocates b. activists c. new classical economists d. rational expectations theorists
The relationship between consumer spending and disposable income is called the
a. conjunction function. b. consumption function. c. aggregate demand function. d. marginal spending function.
The value of money or income in terms of the quantity of goods the money can buy is called its
A) nominal value. B) marginal value. C) real value. D) implicit value.
Explain why the Social Security system faces problems. Discuss the possible solutions to these problems
What will be an ideal response?