The monthly average of the 35 highest earnings years adjusted for wage inflation is the
A. most the retiree can receive in interest without having part of their benefit reduced.
B. PIA.
C. AIME.
D. amount of the retiree's monthly check.
Answer: C
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Given its size, the United States does not have to worry about limitations on resources.
Answer the following statement true (T) or false (F)
The Federal Reserve has been ________ preemptive because of the changing view that monetary policy has to be ________ looking
A) more; forward B) more; backward C) less; forward D) less; backward
If the price of good X falls and the demand for good X is unit elastic, then the percentage rise in quantity demanded is __________ the percentage fall in price, and total revenue __________.
A) greater than; rises B) less than; falls C) equal to; remains constant D) greater than; falls E) less than; rises
Barter is:
A. the direct trade of goods and services for other goods and services. B. the extension of credit to borrowers using funds raised from savers. C. a means of channeling funds from savers to borrowers with productive investment opportunities. D. an equity claim to ownership.