When the U.S. experiences economic growth, the poverty rate will:
A. increase, because growth typically only benefits the richest 1 percent.
B. fall, because growth typically helps the poor more than the wealthy.
C. fall, because growth has benefited everyone.
D. increase, because growth has benefited the wealthy more than the poor.
Answer: C
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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________, 
A. Rising; B; C B. Falling; A; C C. Falling; A; B D. Rising; A; C
Large denomination time deposits are the difference between ________ and ________.
Fill in the blank(s) with the appropriate word(s).
A benevolent social planner would prefer that the output of good x be increased from its current level if, at the current level of output of good x,
a. social value = private value = private cost < social cost. b. social cost > private value = social value > private cost. c. social cost = private cost = private value < social value. d. social value = private cost = social cost > private value.
The goldsmith's ability to create money was based on the fact that
A. withdrawals of gold tended to exceed deposits of gold in any given time period. B. consumers and merchants preferred to use gold for transactions, rather than paper money. C. the goldsmith was required to keep 100 percent gold reserves. D. paper money was rarely redeemed for gold.