Segregation can result from government policies, social pressures, and individual choices

In the life-cycle hypothesis, a person who expects to work for R years earning Y dollars per year, and live for a total of L years, will consume ________ per year

A) RY - (L - R)Y B) LRY C) (L - R)Y D) (R/L)Y

What is one of the advantages of monetary policy over fiscal policy?

A. Its control over the size of Federal budget deficits B. The quickness with which it can be used C. The opportunity for broad political influence D. It can guarantee an expansion of aggregate demand when needed