The general approaches to global poverty reduction include all of the following except
A. Within-nation redistribution of income.
B. Government growth.
C. Economic growth.
D. Across-nation redistribution of income.
Answer: B
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The assumption that the velocity of money and the quantity being produced is constant is held by the:
a. Keynesian school. b. supply-side school. c. neo-Keynesian school. d. rational expectations school. e. classical school.
Refer to Figure 7.3. The marginal rate of technical substitution for labor with capital at 120 workers is represented by the slope:
A. of line ac.
B. of line ed.
C. of line ab times negative one.
D. of line ed times negative one.
Suppose the Fed decreased the growth rate of the money supply. Which of the following would be lower in the long run?
a. both the natural rate of unemployment and the inflation rate b. the natural rate of unemployment, but not the inflation rate c. the inflation rate, but not the natural rate of unemployment d. neither the natural unemployment rate nor the inflation rate
The concept of vertical equity is that
A. income should be taxed instead of property. B. property should be taxed instead of income. C. there should be little movement up or down the social scale. D. persons who are unequal should be treated unequally.