Which statement is true?
A. There are over 50 million Americans living below the poverty line.
B. The poverty line is raised each year.
C. Nearly all the nation's poor people live in the South.
D. Poverty is a greater problem today than at any time since the end of World War II.
B. The poverty line is raised each year.
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The inflation rate in Venezuela has increased between 2005 and 2010, rising from 14 percent per year to 31 percent per year. At the same time, the growth rate of real GDP fell from 10 percent per year to -2.6 percent per year
The quantity theory of money A) states that the inflation rate over the period would average 4 percent. B) predicts that the velocity of money will decrease over the period. C) states that the growth rate of money must have increased over the period. D) predicts that nominal GDP will decrease over the period.
An article in the textbook suggests that one method to correct the higher education inefficiency is to
a. provide free higher education to all Americans. b. have college students sell equity in themselves. c. reduce interest rates on student loans. d. increase the number of colleges and universities in the United States.
Why are credit cards not considered part of the money supply?
What will be an ideal response?
The Social Security tax is considered to be a
A) regressive tax. B) progressive tax. C) proportional tax. D) marginal tax.