The poverty rate dropped from 84 percent in 1981 to 11.2 percent in 2010 in what country?
A. China
B. Chile
C. South Africa
D. India
A. China
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Unemployment compensation, by ________ layoffs at firms whose sales have declined, ________ the natural rate of unemployment
A) encouraging, raises B) encouraging, lowers C) discouraging, raises D) discouraging, lowers
If the GDP deflator in 2009 was 160 and the GDP deflator in 2010 was 180, then the inflation rate in 2010 was 12.5%
a. True b. False Indicate whether the statement is true or false
Into what four categories do economists divide factors of production?
a. land, labor, capital, and entrepreneurship b. land, labor, money, and entrepreneurship c. resources, labor, capital, and entrepreneurship d. resources, labor, money, and entrepreneurship
Inflationary pressure is a growing problem for the economy. Therefore, the Federal Reserve decides to pursue a policy to reduce the inflationary pressure. Which policy changes by the Fed would reinforce each other to achieve that objective?
a. Buying government securities and lowering the discount rate b. Selling government securities and lowering the discount rate c. Selling government securities and raising the discount rate d. Buying government securities and lowering the reserve ratio