Which of the following explains why private employers (more frequently than public employers) have tended to shift away from defined benefit programs?
A. Their employees have begun to reduce the amount they shift from one employer to the next.
B. Their employees have more frequently fallen victim to Ponzi schemes.
C. Their employees have begun to increase the amount they shift from one employer to the next.
D. People have begun to create well-funded private savings plans.
Answer: C
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Referring to the graph above, an economic variable that had peaked in December 1911, November 1914, and February 1919 is likely a ________ variable
A) leading countercyclical B) leading procyclical C) lagging countercyclical D) lagging procyclical E) none of the above
Keynes called the money people hold in order to buy bonds, stocks, or other nonmoney financial assets the:
a. transactions demand for holding money. b. precautionary demand for holding money. c. speculative demand for holding money. d. unit of account demand for holding money.