In the United States for people age 16 to 24, the typical woman earns about ________ of what the typical man earns
A) 90%
B) 80%
C) 70%
D) 50%
A
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Starting from long-run equilibrium, a large increase in government purchases will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. expansionary; higher; potential B. recessionary; higher; potential C. recessionary; lower; lower D. expansionary; higher; higher
Indexation is designed to
A) moderate the costs of inflation, not inflation itself. B) rapidly reduce inflation. C) reduce the natural rate of unemployment. D) rapidly reduce inflationary expectations.
Which of the following is an absolute measure of poverty?
a. Gini co-efficient b. Per capita income c. HiLo ratio d. Hoover index e. Theil index
Discuss the factors behind the recent decline in labor union membership