Answer:
He should roll the funds over into a new IRA in the spouse's name
Explanation:
Since the son is expects to retire in 22 years, in which at that time he will be in need of the funds to pay for his or his Family annual living expenses the best advice I would give the son is for him to roll all the funds over into a new IRA in the name of spouse's because the IRA Account which is fully known as INDIVIDUAL RETIREMENT ACCOUNT is an individual retirement plan that can help to provides all tax the advantages that an individual needs for their retirement savings.
Answer: 1.95%
Explanation:
Your after-tax return can be calculated by the formula;
= return * ( 1 - tax rate)
= 2.6% * ( 1 - 25%)
= 1.95%
Answer:
The mandatory retirement age is abolished.
- This will result in an <em>Increase in the long-run aggregate supply</em> (LRAS) curve because it means that companies in the economy now have a larger workforce to choose from. This will reduce the cost of labor and lead to more goods being supplied.
The economy's main export is candy. Candy from this country increases in popularity around the world.
- <em>No effect on long-run aggregate supply </em>(LRAS) curve because this deals with demand.
Since candy has become an international sensation, factories double the number of candy-making machines.
- Factories are now producing more candy due to having more candy-making machines. This will result in an <em>Increase in the long-run aggregate supply (LRAS) curve. </em>
The top candy companies choose to relocate their means of production to other countries around the world.
- The companies are still supplying candy to the world, however they are doing it from other countries. This supply coming from the hypothetical economy will therefore reduce. This will result in a <em>Decrease in the long-run aggregate supply (LRAS) curve. </em>
Answer:
Supply curve for loanable funds would shift, leading to a fall in the equilibrium interest rate.
Explanation:
If the people are convinced that saving is important and start saving more, the supply of loanable funds will increase. As a result the supply curve will shift to the right. This shift in the supply curve will be accompanied with a decline in the equilibrium interest rate.
So, the correct answer is: supply; downwards.
