In which of the following groups of people in the U.S. would the incidence of poverty be the greatest?
A. Black families with a female head
B. All families of seven or more members
C. Farmers and farm laborers
D. Families whose head is age 65 or over
A. Black families with a female head
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During the Great Depression of the 1930s when the unemployment rate was exceptionally high due to the Great Depression, the government had employment programs, such as the Civilian Conservation Corps, which built campsites and planted trees. These programs were aimed at reducing which type of unemployment?
A) cyclical B) avoidable C) structural D) frictional E) discouraged
Automatic Stabilizers
What will be an ideal response?
Aggregate demand _________. Real GDP growth and the inflation rate _________.
Fill in the blank(s) with the appropriate word(s).
The consumption function shows
A. a negative relationship between disposable income and planned consumption. B. a negative relationship between planned consumption and aggregate saving. C. a positive relationship between disposable income and planned consumption. D. a positive relationship between an individual's stock of wealth and his level of planned consumption.