A Fact About Aging Is That

question 33

Multiple Choice

A fact about aging is that:

• A) most retirees are busy, active, and satisfied with their working lives.
• B) more than 80 percent of people 65 and older live in nursing homes.
• C) older men and women spend only 10 percent of their lives free of disability.
• D) people become extremely mellow as they grow old.

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Definitions:

Oil Embargoes

Economic measures imposing restrictions on the export of oil from one country to another, often used as a geopolitical tool or sanction.

Phillips Curve

A concept in economics illustrating the inverse relationship between the rate of unemployment and the rate of inflation in an economy over time.

Unemployment

The condition of being without work while actively searching for employment, often expressed as a percentage of the labor force.

Inflation Rates

An indicator of how quickly the overall price level for goods and services increases, leading to a decline in purchasing power.