According to Table 6.1, there are less than one million heads of households who worked full-time year round and were poor
Indicate whether the statement is true or false
F
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Use the marginal principle to explain why government mandated safety features in automobiles during the 1960s and 1970s resulted in an increase in collisions between automobiles and bicycles
What will be an ideal response?
Forces inside a nation that cause people to think about leaving that nation are called what in migration theory?
What will be an ideal response?
In the IS-LM model, the implicit assumption made about aggregate supply was that the
a. aggregate supply schedule was vertical because prices were flexible. b. aggregate supply schedule was horizontal because prices were fixed. c. aggregate supply schedule was upward sloping to the right because wages and prices were fixed. d. supply of output was fixed. e. none of the above.
The statistical discrepancy that regularly arises in national income accounting refers to the slight difference between
a. personal income and personal disposable income. b. estimates of GDP and actual GDP. c. the income and expenditure approaches to the calculation of GDP. d. the quarterly and annual approaches to the calculation of GDP.