The predecessor of TANF was Aid to Families with Dependent Children
a. True b. False
a
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Currency held inside the banking system is included in the M1 measure of the money supply
Indicate whether the statement is true or false
Which of the following is a characteristic of the oligopoly model?
a. The oligopoly market consists of only a small number of sellers. b. The sellers in an oligopoly market are price takers. c. The output decisions taken by sellers are uniform and steady. d. There are barriers to the exit of firms in an oligopoly market.
If the opportunity cost of producing one more bushel of wheat is always equal to three bushels of corn, then the production possibilities curve will be
a. upward sloping b. bowed out c. U-shaped d. a straight line e. undefined
Which of the following contributes to the popularity of the argument that government spending expands employment?
A) The employment generated by the additional spending can be accomplished without increases in taxes or borrowing. B) The employment generated by the additional spending is highly visible, while the employment crowded out by taxing, spending, and borrowing is largely unseen. C) The employment generated by the additional spending is not easily seen, while the employment crowded out by taxing, spending, and borrowing is highly visible. D) Higher taxes will be popular if they finance spending that expands employment.