The Hatfields and the McCoys Both Earn $50,000 Per Year

question 18

Multiple Choice

The Hatfields and the McCoys both earn $50,000 per year in real terms in the labor market, and both families are able to earn a 5% real interest rate on their savings.In the year 2010, both families began to save.The Hatfields saved 8% of their income each year; the McCoys saved 10%.In 2010, the Hatfields consumed ______ more than the McCoys; in 2011, the Hatfields consumed ______ than the McCoys.

• A)$1,000; about $960 less
• B)$2,000; about $960 more
• C)$1,000; about $960 more
• D)$2,000; about $960 less

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Definitions:

Repolarization

The restoration of the membrane potential to its resting state after depolarization in excitable cells.

Afterpotential

The changes in membrane potential that occur after an action potential, often influencing the neuron's excitability.

Voltage-Gated Channel

A type of ion channel that opens or closes in response to changes in membrane potential.

Chemical Synapse

A specialized junction through which neurons signal to each other and to non-neuronal cells, allowing ion or molecule movements that facilitate neurotransmission.