Holding Other Factors Constant, If Employers Automatically Enroll Employees in Retirement

question 20

Multiple Choice

Holding other factors constant, if employers automatically enroll employees in retirement savings programs in order to overcome psychological barriers to saving, then the real interest rate will ________ and the equilibrium quantity of saving and investment will ________.

• A)increase; increase
• B)increase; not change
• C)increase; decrease
• D)decrease; increase

Identify the benefits and risks associated with using credit.

Understand the importance and impact of interest rates on credit.

Learn about the impact of credit on the economy.

Recognize the specific vulnerabilities different groups of people have towards credit misuse.

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Definitions:

SCM

Managing the supply chain involves guiding the journey of materials, financial resources, and information from their source with suppliers to their ultimate destination with consumers, passing through various stages including manufacturing and retailing.

Metric-intensive

Metric-intensive describes activities or processes that heavily rely on the use of metrics, measurements, and data analysis for decision-making, performance assessment, or optimization.

Worker Productivity

The output of goods or services produced per unit of labor input.

Financial Flows

Financial flows refer to the movement of money for the purpose of investment, trade, or business operations, including the inflow and outflow of capital internationally.