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- If a labour market is in equilibrium and contracts are incomplete:In Know Your Product E1, we discussed inflation shielding as a product feature in annuities. What are the benefits of inflation indexation in fixed income products? Why is it important for retirees? What is the cost for having inflation indexation as a product feature?The labor supply curve a. may slope either upward or downward, depending upon the real wage b. slopes downward to illustrate that a decrease in the real wage decreases the number of individuals willing to work c. slopes upward to illustrate that more people will want to work as the real wage increases d. slopes upward to illustrate that changes in the real wage are directly proportional to changes in the nominal wage e. slopes downward to illustrate that the availability of workers is directly proportional to the real wage
- As the rate of inflation increases, Group of answer choices interest rates decrease. purchasing power of a dollar increases. retirement plans have more difficulty meeting their goals. the cost of living goes down.Can you help me with this problem? I'm having trouble finding the values for the net pay. Thanks!Given that you wish to pay a lower price today for a future sum of money, you will apply a lower discount rate. $8 True O False
- Increased unemployment can reduce consumer demand for goods and services, leading to ?Q1) It is highly likely that the projected retirement income based on the replacement ratio method may not be sufficient to pay for retirement expenses if inflation rates are _________ wage growth rates.Suppose the fixed expenses of a travel agency increase. What will happen to its break-even point, measured in number of clients served? Why?
- Question 4 Explain how does a decrease in the current income y affect the consumer's consumption-saving decision. In particular, explain: 1) How will current consumption c, future consumption c', and savings s change; 2) Are there any substitution effect or income effect. Make sure you draw two figures, one for the borrowers and one for the lenders.1. Savings can replace a client need for insurance products. A. True B. False 2. SafeSave of Dhaka is an example of a high frequency saving model solution. A. True B. False 3. Ideally your marginal utility today will be equal to your marginal utility in the future adjusted for time value of money, or MUt = (1+r) / (1+δ) Et [MUt+1] A. True B. False 4. Moral hazard is not present for insurance products. A. True B. False 5. Mandatory savings which cannot be accessed by microloan clients until repayment can be seen as collateral or a fee for services. A. True B. FalseQUESTION 22 This question asks you to compare the Slutsky equations for the consumer's model with monetary income (CM) and for the consumer's model with endowments (CE). Consider the demand for good x and how this demand changes as the price of good x increases O a. In both the CM and the CE models, if x is a normal good, then the demand for good x must decrease O b. In both the CM and the CE models, if x is an inferior good, then the demand for good x must increase Oc Suppose x is a normal good. While in the CM model the demand for good x must decrease, in the CE model the demand for good x may increase if the consumer is a net seller of good x before the change in price Od. Suppose x is a normal good. While in the CM model the demand for good x must decrease, in the CE model the demand for good x may increase if the consumer is a net buyer of good x before the change in price Oe Suppose x is a normal good. While in the CM model the demand for good x must increase, in the CE model the…
