In 2011, the poverty rate in the United States was
a. 5.9 percent.
b. 11.1 percent.
c. 15.0 percent.
d. 22.4 percent.
c
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In the monetarist model, an increase in both government spending and taxes would
a. lead to a large increase in interest rates. b. increase income dollar for dollar with the increase in government spending. c. have a much smaller impact on income than in the Keynesian model. d. all of the above.
As economic activity progresses through successive rounds of the multiplier, the additions to national income become larger and larger
Indicate whether the statement is true or false
Economic growth depends on many factors including adherence to ____________ rights.
a. contractual b. business c. animal d. immigrant
What is the maximum amount of good X that can be purchased if X and Y are the only two goods available for purchase and Px = $10, Py = $20, Y = 5, and M = 400?
A. 40 B. 80 C. 30 D. 20