One of the provisions of the Temporary Assistance for Needy Families (TANF) program was to:
A. Guarantee cash assistance for poor families
B. Set a 5-year lifelong limit on welfare benefits
C. Get the Federal government to pay more of the cost of welfare
D. Make welfare benefits more equitable among those receiving them
B. Set a 5-year lifelong limit on welfare benefits
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The aggregate supply curve (short run) ________.
A. graphs as a horizontal line B. slopes downward and to the right C. slopes upward and to the right D. graphs as a vertical line
To determine real GDP, divide nominal GDP by the
a. current values of goods and services. b. final goods and services. c. GDP deflator. d. value of GDP.
In the market for widgets, the supply curve is the typical upward-sloping straight line, and the demand curve is the typical downward-sloping straight line. The equilibrium quantity in the market for widgets is 200 per month when there is no tax. Then a tax of $5 per widget is imposed. As a result, the government is able to raise $800 per month in tax revenue. We can conclude that the equilibrium
quantity of widgets has fallen by a. 40 per month. b. 50 per month. c. 75 per month. d. 100 per month.
Money is
What will be an ideal response?