Describe the Levels of Maslow's Hierarchy of Needs

question 108

Essay

Describe the levels of Maslow's hierarchy of needs.How might you satisfy each of the levels?

Identify how changes in consumer behavior and economic policies influence saving and investment decisions.

Distinguish between movements along and shifts of the supply and demand curves for loanable funds.

Calculate real interest rates from nominal interest rates and inflation.

Understand the implications of changes in mortgage rates on the supply and demand for loanable funds.

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Definitions:

Withholding Allowance

Withholding allowance is an exemption that reduces how much income tax an employer deducts from an employee's paycheck, based on the number of allowances claimed.

Federal Income Tax

A financial duty enforced by the federal government on the yearly revenues of persons, corporations, trusts, and different legal organizations.

Gross Earnings

The total amount of money earned by an individual or business before any deductions or taxes are applied.

Net Pay

The amount of money that an employee takes home after all deductions, such as taxes and retirement contributions, have been subtracted from the gross salary.