During the period between 1960 and 1968 the poverty rate _______.
Fill in the blank(s) with the appropriate word(s).
fell (fell sharply)
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Refer to Figure 15-11. In the dynamic model of AD-AS in the figure above, if the economy is at point A in year 1 and is expected to go to point B in year 2, the Federal Reserve would most likely
A) decrease the inflation rate. B) decrease interest rates. C) not change interest rates. D) increase interest rates.
The "East Asian Miracle" of the "Four Tigers" in the 1960s was replicated by
A) developing countries around the world. B) other East Asian countries. C) Sub Sahara African countries. D) Industrialized countries. E) Eastern European countries.
In the market for loanable funds, the seller is considered to be
A) the lender. B) the borrower. C) the lender or the borrower depending upon the use to which the funds are put. D) the lender or the borrower depending upon whether interest rates are rising or falling.
In general, with a monopolist's outcome:
A. consumers lose surplus. B. monopolies earn profit. C. deadweight loss occurs. D. All of these statements are true.