Which of the following groups had the highest median income in the U.S. in 2008?
A. Hispanic
B. White (non-Hispanic)
C. Asian
D. Black
C. Asian
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Pollution problems generally represent
A) cases of good versus evil. B) cases of villain versus victim. C) morally neutral disagreements over competing uses of a scarce resource. D) Both a and b are correct.
During the Great Depression of the 1930s, the aggregate demand curve intersected the aggregate supply curve in the:
a. horizontal portion of the aggregate supply curve. b. upward-sloping part of the aggregate supply curve. c. vertical portion of the aggregate supply curve. d. early years in the horizontal portion, but in the later years in the vertical portion. e. early years in the vertical portion, but in the later years in the horizontal portion.
According to the model of supply and demand, an increase in the price of milk will cause a
A. leftward shift in the supply for milk. B. rightward shift in the supply for cheese. C. rightward shift in the demand for cheese. D. leftward shift in the supply for cheese.
Equilibrium:
A. Will only occur at full employment. B. Can occur at any output level. C. Will occur at or below full employment. D. Will occur at or above full employment.