In terms of median family income,
A. black families earn about 85% of what white families earn.
B. black families earn about 61% of what white families earn.
C. black families earn about 44% of what white families earn.
D. black families earn about the same as whites.
Answer: B
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The Phillips Curve will shift because of:
A. normal inflation. B. hyperinflation. C. expected inflation. D. core inflation.
Representative money is
a. accepted on faith. b. found in M1 and M2 money measures. c. today in the form of check able deposits. d. redeemable for a commodity.
When externalities are present, reaching an efficient outcome is especially difficult when the number of interested parties is large
a. True b. False Indicate whether the statement is true or false
Other things the same, an increase in the budget deficit
a. shifts the demand for loanable funds right, so the interest rate rises. b. shifts the demand for loanable funds left, so the interest rate falls. c. shifts the supply of loanable funds right, so the interest rate falls. d. shifts the supply of loanable funds left, so the interest rate rises.