In 2015, Head Start enrolled approximately
A. 945,000 children.
B. 205,000 children.
C. 2.5 million children.
D. 105,000 children.
Answer: A
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In the interest-rate-based transmission mechanism, a decrease in the money supply will
A) reduce investment, shift the aggregate demand function inward, and lower real Gross Domestic Product (GDP). B) reduce the rate of interest and the level of investment. C) increase the price level. D) shift the aggregate supply function inward and increase real Gross Domestic Product (GDP).
What is an indifference curve? Can two indifference curves intersect? Explain your answer
What will be an ideal response?
Which of the following provide the best evidence of specialization?
a. a firm that produces a line of related products, such as eight kinds of breakfast cereal b. an architect who is willing to practice in only one geographic area c. a physician that practices in a specialty area such as cardiology or orthopedic surgery d. a family that eats at Wendy's every Thursday night e. a retailer that sells goods but provides no services
Refer to Figure 27-6. In the dynamic model of AD-AS in the figure above, if the economy is at point A in year 1 and is expected to go to point B in year 2, and no fiscal or monetary policy is pursued, then at point B
A) the economy is below full employment. B) firms are operating at below capacity. C) there is pressure on wages and prices to fall. D) income and profits are falling. E) the unemployment rate is very low.