Logrolling
A) is vote trading among elected officials.
B) eliminates the influence of special interest groups.
C) puts downward pressure on federal spending.
D) b and c
E) all of the above
A
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If real GDP grows by 3 percent, the velocity of circulation grows by -4 percent, and the quantity of money grows by 3 percent, then in the long run the inflation rate is
A) 1 percent. B) -1 percent. C) 4 percent. D) -4 percent. E) 10 percent.
Suppose that Trey spends all of his income on vacation trips and textbooks. If the price of a trip is $200 and the price of a textbook is $50, then the slope of his budget line (assuming vacation trips are measured on the vertical axis) would be
a. -4 b. 4 c. 0.25 d. -1.75 e. -0.25
Suppose you work in a human relations office, and an employee, Ariana, comes to you with a set of statistics she has gathered about your company. Which of these statistics might indicate wage discrimination?
a. Fewer minorities were interviewed than whites. b. There are ten percent more males than females in management. c. Female mechanics earn ten percent less than male mechanics. d. Technicians make fifty percent more than janitors.
Aid to families with dependent children was
A. a close-to-perfect welfare or public assistance program. B. criticized because it provided little incentive for recipients to get jobs. C. contributing to efficient production of goods. D. superior to a negative income tax for work incentives.