From the 1950s to the 2010s, transfer payments' share of GDP
A) steadily increased.
B) steadily decreased.
C) remained fairly steady.
D) increased during Democratic administrations and decreased during Republican administrations.
A
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A.W. Phillips' study of unemployment and inflation in the United Kingdom specifically looked at the empirical relationship between the unemployment rate and the
A) rate of change in prices. B) rate of change in nominal wages. C) rate of change in real wages. D) level of nominal wages.
Which of the following workers is considered semiskilled labor?
A. A schoolteacher B. An assembly-line worker C. A computer programmer D. A dishwasher
________: as disposable income of a consumer increases, the percentage of income spent for food decreases if all other things remain constant
Fill in the blank(s) with correct word
The Federal Open Market Committee (FOMC) is responsible for managing the nation's
A) domestic economic policy. B) international trade policy. C) money supply. D) gold and silver reserves. E) wage and retirement policies.