The Great Recession of 2007-2009 caused U.S. family wealth to shrink, mostly due to the sharp decline in:
A. Family incomes
B. Consumer spending
C. Average house prices
D. Employment and wages
C. Average house prices
You might also like to view...
You have noticed that there is a persistent shortage of teachers in an inner-city school district in your state. Based on this observation, you suspect that:
A. the wage for teachers in that district is lower than the equilibrium wage. B. the demand for teachers in the inner-city school district is too low. C. there is an excess supply of teachers in other districts. D. the wage for teachers in that district is higher than the wage in other districts.
Holding other factors constant, increasing the availability of disability benefits would likely
A) decrease cyclical unemployment and the natural rate of unemployment. B) increase structural unemployment and the natural rate of unemployment. C) increase frictional unemployment and the natural rate of unemployment. D) decrease the natural rate of unemployment.
The flawed character cause of poverty refers to individual defects in aspiration or ability
Indicate whether the statement is true or false
If the firms hires 5 workers, the average variable costs equals
a. $10 b. $100 c. $800 d. Need more information