Each of these statements is true except
A. Female-headed black families with children under 18 have a poverty rate of almost 47%.
B. Female-headed white families with children under 18 have a poverty rate of almost 35%.
C. All families receiving public assistance are poor.
D. All poor families receive public assistance.
D. All poor families receive public assistance.
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Assume the United States is the "domestic" country and China is the "foreign" country. Which of the following might increase the real exchange rate between the United States and China?
A) an increase in the price level in the United States. B) an increase in the price level of China C) a depreciation of the dollar D) an appreciation of the yuan
The higher a security's price in the secondary market the ________ funds a firm can raise by selling securities in the ________ market
A) more; primary B) more; secondary C) less; primary D) less; secondary
When investment bankers underwrite new stock, they
A) sell them on one of the stock exchanges. B) auction them off to the public. C) sell them to commercial banks who in turn find buyers. D) place them with ultimate investors and some intermediaries throughout the country.
The long-run aggregate supply curve is
A) horizontal at the full-employment level of real Gross Domestic Product (GDP). B) vertical at the full-employment level of real Gross Domestic Product (GDP). C) sloping upward due to the effects of price level changes on real Gross Domestic Product (GDP). D) the same as the short run aggregate supply (SRAS) curve.