The primary and secondary sources of income, on average, for U.S. adults aged 65 and over are
A. earnings from work and pensions, respectively.
B. Social Security and earnings from work, respectively.
C. individual retirement accounts and Social Security, respectively.
D. pensions and individual retirement accounts, respectively.
Answer: B
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In 1984, the National Minimum Drinking Age Act was passed, raising the legal age to consume alcoholic beverages in the United States to 21. In much of Europe, the legal age to consume alcohol is 18
If the legal drinking age in the United States was changed back to 18, how would this affect the market for alcoholic beverages? What would happen to the equilibrium price and quantity of alcoholic beverages?
Which of the following statements would Milton Friedman agree with concerning the conduct of monetary policy?
A) Information lags are short, enabling the central bank to respond quickly to changes in the economy. B) There is little uncertainty over the effect of a change in the money supply on the economy. C) There are long and variable lags between monetary policy actions and their economic results. D) Wage and price adjustments are relatively slow, so changing the money supply will have a minimal impact on the real economy.
A bank acts as _________________ between buyers and sellers.
A. an intermediary B. a negotiator C. an agent D. an interpersonal communicant
Liquid assets
What will be an ideal response?