The four phases of a single business cycle are, in order, the trough, followed by a recovery, then a recession, ending with a peak
a. True
b. False
Indicate whether the statement is true or false
False
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Explain what is meant by the term "monetizing the deficit."
What will be an ideal response?
If rent seeking was, on average, a losing proposition, _____
a. rent seekers would exit rent seeking until losses from rent seeking equaled zero b. rent seeking would stop because it was no longer profitable c. rent seekers would increase competition for scarce benefits d. rent seeker would exit rent seeking until there is a normal rate of return to rent seeking
Which decade has experienced the highest level of immigration?
a. 2000-2008 b. 1980-1989 c. 1990-1999 d. 1900-1909
In 2008 if the poverty line had been set lower, the poverty rate would have been ________.
Fill in the blank(s) with the appropriate word(s).