If an aid program is mandated at the federal level, all states must abide by federal law and pay the same amount of benefits.
Answer the following statement true (T) or false (F)
False
You might also like to view...
How will an increase in physical capital affect labor productivity, labor demand, and potential GDP?
What will be an ideal response?
Suppose you lend $1,000 at an interest rate of 10 percent over the next year
If the expected real interest rate at the beginning of the loan contract is 4 percent, then what rate of inflation over the upcoming year would be most beneficial to you as the lender? An inflation rate A) equal to 4 percent. B) equal to 0 percent. C) equal to 6 percent. D) greater than 6 percent.
When demand is elastic, a decrease in price will
A) decrease total revenue. B) not change total revenue. C) increase total revenue. D) reduce quantity demanded.
When the Fed eases U.S. monetary policy, domestic interest rates ________, making U.S. assets relatively less attractive to foreign investors, and ________ the equilibrium exchange rate.
A. rise; decreasing B. rise; increasing C. fall; decreasing D. fall; increasing