Toggle sidebar menu
Learn Economics
Teach High School
Teach University
About Us
We're Hiring
Donate
Student Account
Educator Account
Contact Us
Join Our Community of Econ Nerds
Follow us
Learn Economics
Search
Courses
See all
Principles of Economics: Microeconomics
Principles of Economics: Macroeconomics
Mastering Econometrics
Money Skills
Development Economics
Series
See all
Everyday Economics
Nobel Conversations
Economists in the Wild
Women in Economics
Econ Duel
Interactive Practice
See all
Supply and Demand
GDP
Trade
Inflation
Teach Economics
The Best Econ News Articles
Find the perfect article to explain any econ concept—or sign up for weekly email updates!
Learn More
Free High School Teacher Trainings
Teaching techniques, resources, and professional development credit! Everything you need to make economics fun and engaging for your students.
Learn More
Learn about our mission
High School Teaching Resources
See all
By Course:
High School Economics
AP Microeconomics
AP Macroeconomics
Personal Finance
By Type:
Unit Plans
Lesson Plans
Interactive Practice
Assessments
University Teaching Resources
See all
By Course:
Principles of Microeconomics
Principles of Macroeconomics
Mastering Econometrics
Development Economics
By Type:
Assessments
Interactive Practice
Lesson Plans
Assignments
Donate
Student
Educator
Toggle mobile search form
Search
Practice Questions
Life Cycle of Savings Practice Questions
1. According to the Life Cycle Theory of Savings:
*
a. People tend to spend the most when they make the least.
b. Spending tends to go up over time.
c. Income tends to go up over time.
d. People tend to save the most when they make the most.
2. Suppose you’re a nineteen year old student. According to the Life Cycle Theory of Savings, you will:
*
a. Spend less than you make.
b. Borrow to spend more than you make.
c. Spend as much as you make.
d. Save as much as possible.
3. Suppose you’re retired. According to the Life Cycle Theory of Savings, you will:
*
a. Spend what you saved during peak earning years.
b. Pay back debts from youth.
c. Spend more than you ever have.
d. Spend less than you ever have.
Submit
Skip to Next Lesson
Back to video
Submit
Dictionary of Economics
Course
(113 videos)
A
Absolute Advantage
Adverse Selection
Aggregate Demand
Aggregate Supply (Long Run)
Arbitrage
Practice Questions
Asymmetric Information
Austrian Business Cycle Theory
B
Banks
Bond Market
Budget Constraints
Business Fluctuations
Bundling
C
Capital Goods
Club Goods
Coase Theorem
Common Resource
Practice Questions
Compensating Differentials
Comparative Advantage
Conditional Convergence
Practice Questions
Consumer Surplus
Practice Questions
Crowding Out
Practice Questions
Cyclical Unemployment
D
Deadweight Loss
Practice Questions
Demand Curve
Discouraged Worker
Practice Questions
Division of Labor
E
Economic Growth
Efficient Market Hypothesis
Practice Questions
Elasticity of Demand
Elasticity of Supply
Equation of Exchange
Equilibrium (Price)
Externalities
F
Factor Income Approach
Practice Questions
Federal Funds Rate
Practice Questions
Financial Intermediaries
Practice Questions
Fiscal Multiplier
Fiscal Policy
Fisher Effect
Practice Questions
Free Rider Problem
Practice Questions
Frictional Unemployment
G
Great Depression
Great Recession
Gross Domestic Product
H
Human Capital
I
Incentives
Practice Questions
Indifference Curves
Inferior Goods
Practice Questions
Inflation
Institutions
Practice Questions
K
Keynesian Business Cycle Theory
L
Labor Force Participation
Leverage Ratio
Practice Questions
Life Cycle Theory of Savings
Practice Questions
Linear Regression
Loanable Funds Market
M
Marginal Product of Labor
Marginal Utility
Minimum Wage
Monetarist Business Cycle Theory
Monetary Offset
Practice Questions
Monetary Policy
Money
Money Multiplier
Monopoly
Mutual Funds
Practice Questions
N
National Spending Approach
Practice Questions
Natural Rate of Unemployment
Practice Questions
Nominal GDP
Normal Goods
Practice Questions
Nudges
O
Omitted Variable Bias
Practice Questions
Open Market Operations
Practice Questions
Opportunity Cost
Practice Questions
Outliers
P
Patents
Pigouvian Tax
Price Ceilings
Prediction Markets
Price Discrimination
Price Floors
Principal-Agent Problem
Practice Questions
Private Goods
Practice Questions
Producer Surplus
Practice Questions
Profit Maximization
Public Goods
Q
Quantity Theory of Money
R
Real Business Theory
Real GDP
Real GDP Per Capita
Real Interest Rate
Practice Questions
Real Shocks
Practice Questions
Rent Control
Ricardian Equivalence
Practice Questions
The Rule of 70
Practice Questions
S
Shadow Banks
Practice Questions
Signaling
Solow Model
Speculation
Stagflation
Practice Questions
Steady State
Sticky Wages
Structural Unemployment
Stock Market
Subsidies
Supply Curve
T
TANSTAAFL
Practice Questions
Tariffs
Taxes
Tragedy of the Commons
Tying
U
Unemployment
V
Velocity of Money
