Holding other factors constant, if employers automatically enroll employees in retirement savings programs in order to overcome psychological barriers to saving, then the real interest rate will ________ and the equilibrium quantity of saving and investment will ________.

Refer to Scenario 12.1. Assume Jennifer gave up smoking for only one year and invested that money ($2,190 ) at the 5 percent interest rate. How much would the investment be worth in 35 years?

A) $2,300 B) $12,080 C) $32,445 D) $80,483

Which of the following accounts for the largest portion of federal government spending?

A) Education B) Policing C) Infrastructure D) National defense