The main proponent of the conservative view on poverty is
A. William Julius Wilson.
B. Barbara Ehrenreich.
C. Charles Murray.
D. Nicholas Lemann.
C. Charles Murray.
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When the population increases with no change in labor productivity, employment ________ and potential GDP ________
A) decreases; decreases B) increases; increases C) decreases; increases D) increases; decreases
Using statistical models to estimate the maximum losses a portfolio's value is likely to sustain over a particular time period is called:
A) gap analysis B) duration analysis C) value-at-risk approach D) credit-risk analysis
The reported unemployment rate should be viewed as
a. a useful but imperfect measure of joblessness. b. clearly smaller than the true unemployment rate. c. clearly larger than the true unemployment rate. d. being very close to the true unemployment rate.
How is it possible for the economy to have an inflationary gap?
A. Equilibrium is at a GDP level below full employment. B. Equilibrium is at a GDP level equal to full employment. C. Equilibrium is at a GDP level above full employment. D. GDP is rising at full employment. E. GDP is falling at full employment.