In his book Losing Ground, _________ argued that between 1968 and 1980 government antipoverty spending quadrupled, but the poverty rate remained the same.
Fill in the blank(s) with the appropriate word(s).
Charles Murray
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As in the United States, an important factor in the banking crises in Latin America was the
A) financial liberalization that occurred in the 1980s. B) decline in real interest rates that occurred in the 1980s. C) high inflation that occurred in the 1980s. D) sluggish economic growth that occurred in the 1980s.
Protectionism may fail to reduce a current account deficit because it
A. depreciates the dollar. B. invites retaliation, which hurts exports. C. encourages exports. D. does not reduce imports.
A recession tends to cause the federal budget deficit to ________ because tax revenues ________ and government spending on transfer payments ________
A) increase; rise; falls B) increase; fall; rises C) decrease; rise; falls D) decrease; fall; rises
In a many-worker economy the consumption possibilities line touches the production possibility curve
A. at more than three points. B. at two points. C. at one point. D. at three points.