The poverty income threshold in the United States was originally calculated by
A) multiplying a nutritionally adequate food plan for emergency use by 4.
B) multiplying a nutritionally adequate food plan for emergency use by 2.
C) multiplying a nutritionally adequate food plan for emergency use by 3.
D) multiplying a nutritionally adequate food plan for emergency use by 5.
C
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Which of the following is false about a liquidity trap situation: a. Quantitative easing might be a more effective strategy to stimulate the economy than buying short term government securities. b. The Fed can lower both short term and long term interest rates by using quantitative easing. c. The Fed cannot easily reduce the fed funds interest rate
d. Quantitative easing may be able to affect long term interest rates even when the Fed is unable to appreciably lower short term interest rates.
Assume the market for candles is competitive. A decrease in the market price of candles
a. decreases the demand for workers who make candles and decreases their equilibrium wage. b. decreases the demand for workers who make candles and increases their equilibrium wage. c. increases the demand for workers who make candles and decreases their equilibrium wage. d. increases the demand for workers who make candles and increases their equilibrium wage..
GDP per capita in the U.S. on a PPP basis is closest to which level?
A) $30,000 B) $60,000 C) $45,000 D) $75,000
Financial intermediaries' low transaction costs allow them to provide ________ services that make it easier for customers to conduct transactions
A) liquidity B) conduction C) transcendental D) equitable