In the mid 90's, over _____% of all black families are headed by women.
A. 30
B. 45
C. 60
D. 75
C. 60
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Explain the relationship between potential GDP and real GDP in the United States since the early 1960s. You do not need to tell what happened during any specific year; just describe the general relationship
What will be an ideal response?
According to Baumol and Blinder, the real-world multiplier will be smaller than 1/(1 ? MPC) because the 1/(1 ? MPC) measure is based on
A. a model that ignores inflation associated with the expansion of income. B. a model that adds taxes that tend to change as income changes. C. a model that adds the effects of international trade. D. a model that ignores the prices government faces
What is meant by price efficiency?
A. Price is equal to marginal cost. B. Price is greater than average total cost. C. Price is greater than marginal cost. D. Price is equal to average total cost.
A study conducted by Alberto Alesina and Lawrence Summers concluded that countries with ________ had lower inflation rates than countries with ________
A) a large government debt; little to no government debt B) highly independent central banks; central banks that have little independence C) low rates of unemployment; high rates of unemployment D) no private banking system; an independent banking system