Each of the following is a provision of the 1996 welfare reform law except that
A. the federal guarantee of cash assistance for poor children is ended.
B. the head of every welfare family would have to work within 2 years or the family would lose benefits.
C. after receiving welfare for two months adults must find jobs or perform community service.
D. women who have more children while on welfare will have their benefits reduced.
D. women who have more children while on welfare will have their benefits reduced.
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If there is a monopsony operating in the labor market illustrated in the figure above, the equilibrium wage and quantity of labor hired is
A) $15 and 50 hours. B) $10 and 100 hours. C) $10 and 50 hours. D) $5 and 50 hours.
Who receives the most of what is produced in a market economy?
A) everyone receives an equal amount B) people who earn the highest incomes C) lawmakers and other politically favored groups D) those who are willing and able to buy them
The Keynesian model
a. assumes a stable, downward sloping Phillips curve in the short run. b. implies a horizontal Phillips curve in the long run. c. shows that the Phillips curve is can be downward or upward sloping in the short run. d. differs from Friedman's analysis pertaining to the vertical long-run Phillips curve.
The Medicaid program is financed by _____
a. excise taxes b. state governments c. the federal government d. state governments and the federal government