Each of the following except _____ takes a liberal position with respect to poverty.
A. Charles Murray
B. Barbara Ehrenreich
C. Lisabeth and Daniel Schorr
D. Frances Fox Piven
A. Charles Murray
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If reserves in the banking system increase by $100, then checkable deposits will increase by $1000 in the simple model of deposit creation when the required reserve ratio is
A) 0.01. B) 0.10. C) 0.05. D) 0.20.
If the MPM is 0.4, then a $2,000 increase in income will
A. increase imports by $800. B. increase exports by $5,000. C. increase imports by $5,000. D. increase exports by $800.
A normative statement i. can be tested as to whether it is true or false. ii. is considered negative. iii. depends on a person's values
A) i only B) iii only C) i and iii D) ii and iii E) i, ii, and iii
Critically evaluate the following statement made in favor of the sub-prime loan bailout of mortgage companies who made high interest rate loans to marginal credit-worthy customers
"The government should do everything within its powers to prop up ailing lenders and homeowners, just as they've done in the past with other troubled industries, from airlines to savings and loans"