The amount of redistribution in the United States has increased considerably since 1968 . Over that same period, the percentage of households in poverty has _____
a. fallen
b. risen
c. remained constant
d. fell until 1982 at which point it began rising again
c
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Starting from long-run equilibrium, a large increase in government purchases will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. expansionary; higher; potential B. recessionary; higher; potential C. recessionary; lower; lower D. expansionary; higher; higher
The demand equation for a single price monopolist is P = 120 - 3Q. The marginal revenue curve for this monopolist is
A. 120 - 1.5Q. B. 60 - 6Q. C. 60 - 3Q. D. 120 - 6Q.
The Age of the great industrial capitalist was
A. the first quarter of the 19th century. B. the second quarter of the 19th century. C. the third quarter of the 19th century. D. the fourth quarter of the 19th century.
When a specialized worker gains insights into a particular task that leads to better production methods, this is called:
A. continuity. B. innovation. C. specialization. D. repetition.