The amount of government spending on education per public school student has ________ since 1960, and the achievement level of students has generally ________ since that time.
A. decreased; increased
B. increased; decreased
C. decreased; decreased
D. increased; increased
Answer: B
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How did maintaining the gold standard deepen the severity of the Great Depression?
What will be an ideal response?
The U.S. central bank ________
A) usually raises taxes to stabilize a slowing economy B) encourages higher savings rates by raising the national sales tax C) is known as the Federal Reserve D) all of the above E) none of the above
If you compare consumption and investment patterns over time, you find that
a. like consumption, investment is fairly stable over time b. like consumption, investment is fairly erratic over time c. unlike consumption, which is fairly stable over time, investment is subject to erratic fluctuations d. unlike consumption, which is subject to erratic fluctuations, investment is fairly stable over time e. investment is rarely affected by technological and economic factors
Assume the short-run average total cost for a perfectly competitive industry decreases as the output of the industry expands. In the long run, the industry supply curve will:
A. have a positive slope. B. have a negative slope. C. be perfectly horizontal. D. be perfectly vertical.