Which statement is false?
A. The poverty rate was lower in 2009 than it was in 2000.
B. The poverty rate for children under 18 is higher than the poverty rate for people over 65.
C. The poverty rate today is higher than it was in 2006.
D. The poverty rate for Hispanics is three times that of whites.
A. The poverty rate was lower in 2009 than it was in 2000.
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Starting from long-run equilibrium, a large increase in government purchases will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. expansionary; higher; potential B. recessionary; higher; potential C. recessionary; lower; lower D. expansionary; higher; higher
Suppose a market basket of goods and services costs $1,000 in the base year and the consumer price index (CPI) is currently 110 . This indicates the price of the market basket of goods and services is now:
a. $110. b. $1,000. c. $1,100. d. $1,225.
Government policy that decreases the value of its currency _________
a. is called devaluation b. is called an import control c. appreciates the exchange rate d. is helpful to importers e. is harmful to exporters
When a country imports more than it exports, it has a:
A. policy which forbids exportation. B. zero trade balance. C. trade deficit. D. trade surplus.