Of the approximate total population of 300 million people in America, about how many have incomes below the official poverty level?
A) approximately 13 million
B) approximately 46 million
C) approximately 73 million
D) approximately 104 million
B
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National debt decreases in a given year when a country has
A) a budget deficit. B) a balanced budget. C) a budget supplement. D) a budget surplus. E) no discretionary fiscal policy.
Temperature is a measure that changes from time to time and is therefore an example of a(n)
A. variable. B. model. C. causality. D. empirical measure.
If the quantity of money demanded is less than the quantity of money supplied, then the
A) interest rate will decrease. B) interest rate stays the same. C) interest rate will increase. D) effect on the interest rate is indeterminate.
Refer to Figure 17-6. If firms and workers have rational expectations, an expansionary monetary policy will cause the short-run equilibrium to move from
A) point A to point B. B) point C to point A. C) point A to point C. D) point B to point A. E) point B to point C.