Life-cycle saving is saving:
A. for protection against unexpected setbacks, such as the loss of a job or a medical emergency.
B. to pay life-insurance premiums.
C. for the purpose of leaving an inheritance.
D. to meet long-term objectives, such as retirement, college attendance, or the purchase of a home.
Answer: D
Economics
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An increase in the money supply in the short run changes ___ , whereas in the long run, ___ change.
a. exchange rates; nominal interest rates b. price levels; interest rates c. interest rates; interest rates d. interest rates; inflation rates
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If the inflation rate is negative, the price level in an economy is
A) falling. B) rising slowly. C) constant. D) rising rapidly.
Economics