Which of the following demographic groups does not bear a disproportionate burden of poverty?
A. Households headed by women.
B. Persons 65 or over.
C. Hispanics.
D. Children under 18.
Answer: B
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Based on the figure below. Starting from long-run equilibrium at point C, a decrease in government spending that decreases aggregate demand from AD1 to AD will lead to a short-run equilibrium at__ creating _____gap.
A. B; no output B. D; an expansionary C. B; recessionary D. D; a recessionary
JC's music production company provides artists with studio time and a backing band to record with. In providing the rhythm track, JC can employ drum machines or drummers
Regardless of the quantity of output JC produces, he can substitute two drummers with one drum machine—drum machines tire out less quickly). Draw a few isoquant lines (with numbers) reflecting this production function for the rhythm track. Determine the function representing this production process.
Classical economists traditionally believed that:
a. there are three motives for demanding money. b. a change in the money supply can affect real GDP. c. the transactions demand for money influences the velocity of money. d. the velocity of money is constant. e. the economy does not always operate at full employment.
A tax rate increase necessarily leads to an increase in tax revenue for the government
Indicate whether the statement is true or false