Under TANF, by the year 2002, half of adult recipients were supposed to be in some form of work activity
Indicate whether the statement is true or false
T
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What do we learn from the shape of the Cobb-Douglas production function?
A) its slope remains constant as labor input increases B) the marginal product of labor declines as the labor input falls C) there are diminishing returns to labor D) all of the above E) none of the above
which of the following is the best definition of money?
What will be an ideal response?
If the Fed's credit policies induces banks to hold substantial excess reserves at the Fed, then
A. the scope of asymmetric-information problem for banks will improve. B. financial markets will become more illiquid. C. the money supply will rise. D. the money multiplier will fall.
United States coins and currency are backed by
A. reserves of foreign currencies. B. confidence that they will retain their value. C. silver. D. gold.