Which of the following statements is true?
a. All people in poverty are on welfare.
b. Unemployment compensation is an example of an in-kind transfer.
c. Temporary Assistance to Needy Families (TANF) is an example of a cash payment made by government to the impoverished.
d. After cash assistance and in-kind transfers are considered the distribution of income in the United States is more unequal.
e. All of these.
c
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Based on the figure below. An economy is currently in long-run equilibrium at point B, at an inflation rate of ?', which is too high for to sustain economic growth. If an anti-inflationary policy is enacted, the economy will be in short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________. 
A. B; C B. A; C C. B; A D. A; B
There is excess production of tomatoes in the market. This implies that
A. the current price is above the equilibrium level. B. supply of tomatoes is more than the demand. C. quantity demanded is more than quantity supplied. D. the price will be rising, as a result.
The quantity theory of money and prices assumes
A) the price level is increasing at a constant rate. B) the price level is constant. C) real output is constant. D) velocity is constant.
In comparison to perfect competition, monopoly price-quantity combinations generate
A. a producer surplus that is smaller. B. total revenue to the producer that is smaller. C. a combination of producer and consumer surplus that is smaller. D. a consumer surplus that is larger.