On average throughout the United States,
a. almost all individuals leaving welfare had jobs
b. day-care shortages arose as individuals left welfare for work
c. only about half the individuals leaving welfare had jobs
d. former welfare recipients who are now working find that they no longer qualify for food stamps, child care, or Medicaid
e. welfare rolls remained stable during the late 1990s and early twenty-first century.
C
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If 80 percent of the population receives 75 percent of the income,
a. the richest quintile receives 20 percent of the income. b. the Lorenz curve is the diagonal. c. income is not perfectly evenly distributed. d. the poorest quintile receives more than 20 percent of income. e. people in the middle quintile have the highest incomes.
The money-creating ability of the banking system may be lowered by:
a. a decrease in the cash balances that people wish to hold. b. a fall in the overall rate of inflation. c. an increase in the excess reserves. d. an increase in total deposits. e. an increase in the reserve requirement.
Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________. 
A. Rising; A B. Falling; A; C C. Falling; B: C D. Rising; A; C
One problem of ISI was
A) the failure to consider that government officials may make inefficient decisions. B) the overemphasis on improvements in the rural rather than the urban sector. C) the oversupply of complex technical goods. D) the undervaluation of currencies to promote export growth.