In the Temporary Assistance for Needy Families program, most families
a. must have both parents in the home to qualify.
b. are female head-of-household families in which the father is absent.
c. have adult children with disabilities living at home.
d. are ineligible to receive assistance from other support programs.
b
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Suppose that the economy experiences an increase in the inflation rate at the same time that the unemployment rate decreases. This situation indicates a:
a. shift in the Phillips curve. b. movement along a vertical Phillips curve. c. movement along a horizontal Phillips curve. d. movement along a positively-sloped Phillips curve. e. movement along a negatively-sloped Phillips curve.
Dean should play golf instead of preparing for tomorrow's exam in economics if:
A. Dean can play golf for free. B. the benefit of golfing is greater than the benefit of studying. C. he is irrational. D. the economic surplus from playing golf is greater than the economic surplus from studying.
An economy wants to increase its current level of investment, it must:
A. sacrifice future consumption. B. print more money. C. offer more stocks and bonds to financial investors. D. sacrifice current consumption.
In the diagram, (1) is the:
A. expected-rate-of-return curve and (2) is the average total cost curve.
B. total revenue curve and (2) is the interest-rate cost-of funds-curve.
C. expected-rate-of-return curve and (2) is the interest-rate cost-of-funds curve.
D. marginal cost curve and (2) is the marginal benefit curve.