If the Recurrence Interval of an Event Is 50 Years

question 36

Multiple Choice

If the recurrence interval of an event is 50 years, recurring events ____. ​

• A)will occur exactly every 50 years
• B)will never occur within a one year time period
• C)can occur anytime, but are likely to occur within 50 years
• D)will never occur if there has not been an event for 50 years
• E)will only occur once during any given individual's lifetime

Grasp the concept and calculation of the multiplier and its impact on the economy.

Recognize the implications of government expenditures on capital goods for aggregate supply and demand.

Understand the effects of changes in taxes and government spending on aggregate demand.

Learn the principles behind the Theory of Liquidity Preference and how changes in the money supply affect interest rates and investment spending.

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Definitions:

Tax-Deferred Savings

Investment accounts, like IRAs and 401(k)s, where contributions and earnings are tax-exempt until withdrawal, typically at retirement.

Flexible Spending Account

A special account you put money into that you use to pay for certain out-of-pocket health care costs, using pre-tax dollars, thus reducing taxable income.

Medical Insurance

A type of insurance coverage that pays for an insured individual's healthcare expenses.

Taxable Income

The amount of income used to determine how much the taxpayer owes in taxes, after deductions and exemptions.