In the last few decades, the poverty rate in the US has
A. changed little.
B. decreased.
C. increased.
D. may have increased or decreased, we do not know for certain.
Answer: A
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In the early 1930s
A) countries that abandoned the gold standard suffered severe inflation. B) countries that tried to defend the gold standard suffered more depression than countries that abandoned the gold standard. C) the gold standard was abandoned by every major industrial country except England. D) the United States was the first major industrial country to abandon the gold standard.
Using Figure 1 above, if the aggregate demand curve shifts from AD1 to AD2 the result in the short run would be:
A. P1 and Y2. B. P3 and Y1. C. P2 and Y2. D. P2 and Y3.
The AFL was headed by ___________ from 1886 until 1924.
Fill in the blank(s) with the appropriate word(s).
Which of the following are characteristics of a linear demand curve?
A. It has a constant slope. B. It has a constant elasticity of demand. C. The upper half of the liner demand curve is inelastic. D. All of these