Historically, black students have had ______.
a. the same educational opportunities as white students
b. inferior educational opportunities to white students
c. superior educational opportunities to white students
d. different, but equivalent opportunities to white students
b. inferior educational opportunities to white students
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Average variable costs
A) are parallel with average total costs B) rise if marginal costs rise. C) are not parallel with average total costs. D) fall with increases in production.
Monetarists believe that
A. Monetary policy is effective only in a recession. B. The money supply should be expanded at a steady, predictable rate. C. Interest rates are the critical policy lever. D. Government spending and taxes are the critical policy levers.
Other things equal, which of the following would shift an economy's production possibilities curve to the left?
A. The discovery of a low-cost means of generating and storing solar energy. B. The entrance of more women into the labor force. C. A law requiring mandatory retirement from the labor force at age 55. D. An increase in the proportion of total output that consists of capital or investment goods.
Refer to the information provided in Figure 27.2 below to answer the question(s) that follow.
Figure 27.2Refer to Figure 27.2. In response to an increase in government spending, the Fed would increase the interest rate by the greatest amount when the aggregate demand curve shifts from
A. AD1 to AD2. B. AD3 to AD4. C. AD5 to AD6. D. AD6 to AD1.