Last word) the inverse dependency ratio is predicted to fall to about 1.16 by 2050. what is the most likely effect of this decline? multiple choice it will likely cause worker productivity to decline. the social security system will be on stronger financial footing. innovation will increase significantly as dependents take advantage of their otherwise idle time. living standards will fall if productivity gains don't sufficiently offset the decline in the ratio.

The former chairman of the federal reserve, alan greenspan, used the term "irrational exuberance" in 1996 to describe the high levels of optimism among stock market investors at the time. stock market indexes such as the s& p composite price index were at an all-time high. some commentators believed that the fed should intervene to slow the expansion of the economy. why would central banks want to clamp down when the economy is growing? a. to block the formation of unsustainable speculative asset bubbles. b. to curtail excessive profits in the banking system. c. to prevent inflationary forces from gathering momentum. d. all of the above. e. a and c only.