According to the life-cycle hypothesis, as people grow older ________
A) their wealth grows before and after retirement
B) their wealth declines before and after retirement
C) their wealth grows before retirement, then declines after retirement
D) their wealth falls before retirement, then rises after retirement
C
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Moving along a short-run aggregate supply curve, resource prices ________, the money rate wage ________, and potential GDP ________
A) do not change; changes; does not change B) do not change; does not change; changes C) change; does not change; does not change D) do not change; does not change; does not change
The classical economists believed that if the quantity of money doubled
A) output would double. B) prices would fall. C) prices would double. D) prices would remain constant.
JTPA focused on public service employment
Indicate whether the statement is true or false
Economic growth is most likely to solve the problems of
A. environmental pollution. B. world poverty. C. emotional stress. D. social alienation.