The gains made against poverty by President Lyndon Johnson's "War on Poverty" were largely reversed by:
a. welfare cuts
b. an elimination of many jobs to overseas manufacturing facilities
c. slower economic growth
d. all of the above.
e. a and c only
a
You might also like to view...
Suppose that a market for a product is in equilibrium at a price of $5 per unit. At any price above $5 per unit
A) there will be an excess demand for the product. B) there will be a shortage of that product. C) there will be an excess supply of the product. D) the quantity supplied of the product will be less than the quantity demanded of that product.
In long-run equilibrium, a firm in perfect competition has no economic profit
a. True b. False Indicate whether the statement is true or false
In late 2008, the U.S. government extended unemployment insurance benefits for seven additional weeks, in recognition of the growing unemployment problem. This extension is an example of
A) automatic fiscal policy. B) discretionary fiscal policy. C) expansionary monetary policy. D) supply-side fiscal policy.
For each dollar paid in taxes, approximately how much do households in the top quintile receive back in the form of government expenditures?
A. 12 cents. B. 28 cents. C. 41 cents. D. 73 cents.