In 2017, the poverty line for a family of four was approximately
A. $15,000
B. $25,000.
C. $35,000.
D. $35,000.
Answer: B
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The nominal (money) rate of interest
a. is the real rate of interest plus the inflationary premium. b. can be expected to decline as inflation accelerates. c. fell to historic lows during the 1970s when the United States experienced double-digit rates of inflation. d. can be expected to increase when the government is running a budget surplus.
An increase in government expenditures is an example of expansionary fiscal policy.
Answer the following statement true (T) or false (F)
Right-to-work laws enacted in some states prohibit
A. open shops. B. union shops. C. both open shops and union shops. D. neither open shops nor union shops.
When an economy is operating well below its full-employment capacity and the marginal propensity to consume is 0.75, a $10 billion increase in investment spending will cause the equilibrium output to rise by:
A. $5 billion. B. $10 billion. C. $20 billion. D. $40 billion.