Consumer spending accounts for about 50 percent of GDP.
Answer the following statement true (T) or false (F)
False
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An increase in the supply of labor will ________ real wages and ________ employment
A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease
With y measured on the vertical axis and x measured on the horizontal axis, the slope of a straight line is defined as
A) y/x. B) x/y. C) (change in y)/ (change in x). D) (change in x)/ (change in y).
Shortly after the American Revolution, governmental involvement in market affairs was largely abandoned in the Confederate States and economic growth resulted
Indicate whether the statement is true or false
What is a policy that could help recipients of government aid avoid the poverty trap?
a. Providing aid regardless of a person’s income b. Requiring recipients to perform community service c. Setting a time limit for how long benefits can be received d. Limiting the amount of benefits a person can receive