In the life-cycle hypothesis, people are assumed to have a consumption pattern that leads them to save
A) at no point in their life.
B) in the working years up to retirement.
C) in their retirement years.
D) in every year of their life.
B
Economics
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Which of these is an example of depreciation?
(A) A clothing store owner reduces the price of a belt by $10 to encourage sales. (B) A worker's truck breaks down more often after 80,000 miles of driving. (C) An employer fires a worker for repeatedly arriving late to work. (D) A share of stock declines in value over several months.
Economics
If the government's expenditures exceeded its receipts, it would likely
a. lend money to a bank or other financial intermediary. b. borrow money from a bank or other financial intermediary. c. buy bonds directly from the public. d. sell bonds directly to the public.
Economics