Charles Murray points out that
A. despite substantial increases in the money that the federal government spent on antipoverty programs between 1968 and 1980, the poverty rate remained exactly the same.
B. although federal spending on antipoverty programs fell substantially between 1968 and 1980, the poverty rate remained exactly the same.
C. the only way to substantially reduce the welfare rolls is to enroll all the poor in job training programs that lead to well-paying jobs.
D. despite the rising number of poor people in recent years, the federal antipoverty programs have been successful.
A. despite substantial increases in the money that the federal government spent on antipoverty programs between 1968 and 1980, the poverty rate remained exactly the same.
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"A shortage in the loanable funds market occurs when the quantity of loanable funds supplied exceeds the quantity of loanable funds demanded." Explain why this statement is correct or incorrect
What will be an ideal response?
People in an open economy who wish to invest can either:
A. invest at home or abroad. B. buy stocks or bonds. C. buy financial assets or durable goods. D. invest in private companies or public companies.
A decrease in the quantity of resources
A) shifts the PPF leftward. B) shifts the PPF rightward. C) moves the economy up a given PPF. D) moves the economy down a given PPF.
If the Fed wants to increase the money supply, it can:
A. pass a law that interest rates rise. B. buy bonds. C. pass a law that interest rates fall. D. sell bonds.