Which of the following helps to explain the high savings rate in Singapore?
A) employer contributions for workers under the age of 50
B) the lack of a Social Security system like the one in the United States
C) government policy
D) all of the above
D
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In which of these years was there very high inflation and a recession?
A. 1937 B. 1980 C. 1990 D. 2001
The time value of money is also referred to as the ________
A) loan B) interest C) collateral D) principal
Demand-pull inflation has its most extreme effect on a nation's price level in the:
a. Keynesian range. b. Twilight zone. c. Intermediate range. d. Classical range. e. Somewhere over the rainbow.
Increases in aggregate demand
A. lead to increases in real interest and unemployment rates if there is considerable excess capacity in the economy. B. result only in inflation when the economy operates at its maximum productive capacity. C. may be caused by ever-greater downward pressures on prices and wages if reserve requirements are raised. D. may be caused by an increase in taxes. E. increase both inflation and the unemployment rates.