If the cost of the Department of Agriculture's minimum food budget for two people is $3,000 per year, the official poverty line for a family of two would be
A. $1,000.
B. $3,000.
C. $9,000.
D. $18,000.
Answer: C
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In the quantity theory of money:
a. the price level is a function of the supply of money. b. the supply of money is a function of the price level. c. the money supply and the price level are inversely related. d. the money supply is controlled by the government.
The Federal Reserve does all of the following except
A) make loans to individuals B) influence the supply of money C) influence the value of mone D) regulate the banking system
List four examples of oligopolies in the United States.
What will be an ideal response?
In the United States during the Vietnam War era, as military spending increased:
A. unemployment dropped to very low levels. B. both frictional and cyclical unemployment increased. C. frictional unemployment dropped, but cyclical unemployment increased. D. overall unemployment rates did not change.