Government deficit financing is made easier by a rise in inflation when inflation ________ the private sector's demand for high-powered money, which the government can ________
A) lowers, create and spend
B) lowers, obtain through taxation
C) raises, create and spend
D) raises, obtain through taxation
C
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Refer to Table 4-8. Suppose that the quantity of labor supplied decreases by 40,000 at each wage level. What are the new free market equilibrium hourly wage and the new equilibrium quantity of labor?
A) W = $9.50; Q = 370,000 B) W = $10.00; Q = 350,000 C) W = $9.00; Q = 330,000 D) W = $8.00; Q = 390,000
Individuals live and work in both individual and aggregate economic entities
a. True b. False Indicate whether the statement is true or false
Analysis of the economic status of poor people reveals that
a. most are poor because they did not have the opportunity to obtain training and a quality education. b. most had poor parents, grandparents, and great-grandparents, suggesting that poverty is inherited. c. the poverty population is very homogeneous regarding opportunity, cultural disadvantages, alcoholism, and other personal contributing factors. d. poverty is a complex issue; the poor are a heterogeneous population, and the causes of poverty are multidimensional.
Which of the following are examples of nonrenewable resources?
a. forests and aquifers b. fisheries c. oil and minerals d. toxic chemicals