The academic studies that were the intellectual justification for Head Start suggested that for every dollar spent on the program, ________ would be returned to society in the form of higher taxes and lower welfare and incarceration costs.
A. $100
B. $5
C. $1
D. $50
Answer: B
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If the price level decreases, then the aggregate expenditures schedule will shift and this translates into a ________.
A. shift in aggregate demand to the right B. shift in aggregate demand to the left C. movement up along the aggregate demand curve D. movement down along the aggregate demand curve
If marginal product is decreasing what can we say about what is happening to average product? Explain
What will be an ideal response?
The years from 1933 to 1937 are notable for ________
A) high unemployment, despite rapid growth of real output B) low unemployment, despite sluggish output growth C) persistent deflation, despite rising unemployment D) the creation of the Federal Reserve System E) none of the above
During which of the following periods did the U.S. economy have mostly small trade surpluses?
a. From the 1950s into the 1960s b. From the 1960s into the 1970s c. From the 1960s into the 1980s d. From the 1970s into the 1980s