To bring her family of four up to the poverty line, a woman would need to earn almost $_______ per hour, 40 hours per week, 52 weeks a year.
Fill in the blank(s) with the appropriate word(s).
11.00
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Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting downward C. Aggregate demand shifting rightward D. Aggregate demand shifting leftward
The U.S. national debt at the end of fiscal year 2014 was almost
A. $13.5 trillion. B. $9.0 trillion. C. $18 trillion. D. $1.3 trillion.
Which of the following are possible justifications for government redistribution of income?
a. The desire for a more unequal distribution of income. b. Charity is a collective consumption good and thus might be underprovided. c. Redistribution acts as insurance against further coercion. d. Private redistribution of income merely shuffles money around the rich and upper-middle class.
"Last month unemployment fell to 4 percent, its lowest level in years. The economy is growing rapidly, but consumer prices have risen at an annual rate of 10 percent during the last six months." Which of the following policies would be most appropriate under these circumstances?
A. an increase in both government spending and taxes B. an increase in taxes C. a reduction in taxes D. an increase in government spending