Of Means Tested Programs and IRA's,which Lower the Rate of Return

question 25

Multiple Choice

Of means tested programs and IRA's,which lower the rate of return on saving?

• A)Both means-tested programs and IRA's.
• B)Means-tested programs,but not IRA's.
• C)IRA's but not means-tested programs.
• D)Neither means-tested program,or IRA's.

---

Definitions:

Phillips Curve

An economic concept that illustrates an inverse relationship between the rate of unemployment and the rate of inflation in an economy over time.

Interest Rates

The cost of borrowing money or the compensation for the service and risk of lending money, usually expressed as a percentage rate over a period of time.

Cyclical Unemployment

Unemployment that arises during downturns in the business cycle, particularly during recessions, when there is insufficient demand for goods and services.

Unemployment Rate

The proportion of the workforce that is unemployed and actively seeking work.