The typical welfare family consists of a ____________ and ____________ children.
Fill in the blank(s) with the appropriate word(s).
mother; one or two
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The paper currencies of the U.S. are also called
A. U.S. government notes. B. Federal Reserve notes. C. Treasury bills. D. Treasury bonds.
Consider the two following statements: I. x is an inferior good. II. x exhibits Giffen's Paradox. Which of the following is true?
a. I implies II, but II does not necessarily imply I. b. II implies I, but I does not necessarily imply II. c. I and II are statements of the same phenomenon.
If a commercial bank has assets valued at $200 million and a net worth of $20 million, what is the value of the bank's liabilities?
a. There is not enough information to determine. b. $20 million c. $220 million d. $180 million e. $200 million
When the investment is graphed as a function of real GDP
A. it graphs as a vertical straight line. B. it graphs as a negatively sloped line indicating the inverse relationship between interest rates and investment. C. it graphs as a horizontal straight line at the level of investment. D. it graphs as a 45-degree line starting at the indicated level of investment.