Stabilization policy often faces a trade-off between inflation and unemployment.
Answer the following statement true (T) or false (F)
True
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Many economists conclude that in-kind income programs have served to reduce levels of inequality significantly from the levels suggested by aggregate income statistics
a. True b. False Indicate whether the statement is true or false
You put money into an account and earn a real interest rate of 5 percent. Inflation is 2 percent, and your marginal tax rate is 35 percent. What is your after-tax real rate of interest?
a. 5.25 percent b. 3.05 percent c. 2.55 percent d. 1.25 percent
Assume the market demand for wheat may be written as Q = 45 - 2p + 0.3Y + 1pb where Y refers to income and pb refers to the price of barley. Assuming that wheat and barley both sell for $1, and income is $20, calculate the price elasticity, cross price elasticity and income elasticity for wheat
What will be an ideal response?
In 2011, what percent of adults in the U.S. were college graduates or higher?
A. 10% B. 30% C. 50% D. 70%