The percentage of U.S. families below the poverty line is approximately
a. 5 percent
b. 10 percent
c. 25 percent
d. 45 percent
e. 65 percent
B
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An increase in the foreign interest rate causes the demand for domestic assets to ________ and the domestic currency to ________, everything else held constant
A) increase; appreciate B) increase; depreciate C) decrease; appreciate D) decrease; depreciate
A monopoly is a
a. large number of producers each with a small share of the total market output b. single seller of a product that typically has no close substitutes c. small group of producers with similar products d. single buyer of an input into production e. group of firms with incentives to cooperate
A decline in housing prices can help to push the economy into a recessionary gap
Indicate whether the statement is true or false
What is NAFTA? What have critics and defenders said about it?
What will be an ideal response?