If the poverty threshold is set at 60 percent of median income, and if median income were $20,000 . then people in poverty earn less than

a. $32,000
b. $20,000
c. $12,000
d. $6,000
e. $24,00


C

Economics

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The economic hardship resulting from a financial crises is severe, however, there are also social consequences such as

A) increased crime. B) difficulty getting a loan. C) currency devaluations. D) loss of output.

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In the Keynesian model, when the economy is not in long-run equilibrium, then the short-run equilibrium point is not on which curve?

A) SRAS B) FE C) IS D) LM

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Frictional unemployment is

A) related to job search difficulties for potential workers. B) a result of a poor match of worker's abilities and skills with current requirements of employers. C) a result of business recessions that occur when aggregate demand is insufficient to create full employment. D) a result of the seasonal pattern of work in specific industries.

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Which of the following income maintenance programs is designed to establish nationwide minimum incomes for the aged, the blind, and the disabled?

A) the Old-Age Survivors' and Disability Insurance (OASDI) program B) the Supplemental Security Income (SSI) program C) the Temporary Assistance to Needy Families (TANF) program D) the food stamps program

Economics