XYZ has nothing in his retirement account. However, he plans to save $8,000 per year in his retirement account for each of the next 18 years. His first contribution to his retirement account is expected in 1 year. XYZ expects to earn 6.3 percent per year in his retirement account. XYZ plans to retire in 19 years, immediately after making his last $8,000 contribution to his retirement account. In retirement, XYZ plans to withdraw $65,000 per year for as long as he can. How many payments of $65,000 can XYZ expect to receive in retirement if he receives annual payments of $65,000 in retirement and his first retirement payment is received exactly 1 year after he retires

Abank has $132,000 in excess reserves and the required reserve ratio is 11 percent. this means the bank could have in checkable deposit liabilities and in (total) reserves.

Two firms, a and b, each currently emit 100 tons of chemicals into the air. the government has decided to reduce the pollution and from now on will require a pollution permit for each ton of pollution emitted into the air. the government gives each firm 40 pollution permits, which it can either use or sell to the other firm. it costs firm a $200 for each ton of pollution that it eliminates before it is emitted into the air, and it costs firm b $100 for each ton of pollution that it eliminates before it is emitted into the air. after the two firms buy or sell pollution permits from each other, we would expect that firm a will emit a. 100 fewer tons of pollution into the air, and firm b will emit 20 fewer tons of pollution into the air. b. 20 more tons of pollution into the air, and firm b will emit 100 fewer tons of pollution into the air. c. 50 fewer tons of pollution into the air, and firm b will emit 50 fewer tons of pollution into the air. d. 20 fewer tons of pollution into the air, and firm b will emit 100 fewer tons of pollution into the air.

What should be a future effect upon the economy if a expansionary fiscal policy continues in an economy with an increasing budget deficit and growing national debt? a) deflation b) low inflation c) high inflation d) not enough information given