A typical 50-year-old male earns:
a. one-third more than a male in his early 20s
b. nearly twice the income of a male in his early 20s.
c. one-third less than workers over 65.
d. nearly twice the income of workers over 65.
b
Economics
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According to traditional Keynesian analysis, fiscal policy operates by
A) informing consumers and business people about its plans for the economy so they will know how to adjust their behavior. B) indirectly affecting aggregate demand through its effect on interest rates. C) directly affecting aggregate demand. D) directly affecting aggregate supply.
Economics
If the CPI is 150, the value of the dollar now compared to in the base period is
a. $1.50. b. $1. c. $0.67. d. $0.50.
Economics