A problem with the TANF program's predecessor AFDC was that it was strictly means-tested
a. True b. False
a
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In the United States the system most generally used for assigning tasks and distributing benefits
A) employs continuing bids and offers among individuals. B) operates without the use of money prices. C) presupposes shifting and uncertain property rights or "rules of the game." D) takes the place of the supply-and-demand process. E) was designed by the authors of the Federal Constitution.
The real wage rate measures the quantity of goods and services an hour's work will buy
Indicate whether the statement is true or false
When estimating a demand function for a good where quantity demanded is a linear function of the price, you should
A) not include an intercept because the price of the good is never zero. B) use a one-sided alternative hypothesis to check the influence of price on quantity. C) use a two-sided alternative hypothesis to check the influence of price on quantity. D) reject the idea that price determines demand unless the coefficient is at least 1.96.
Which of the following Fed policies would help the economy out of a recession?
A. An increase in reserve requirements B. Open market sales of government securities C. Open market purchases of government securities D. An increase in the discount rate