What is the poverty trap?
a. When a person stays in poverty for their entire life
b. When there is generational poverty, so children do see a working role model
c. When a person loses government assistance equal to their gain in income from working
d. When a person cannot find a job in their neighborhood
c. When a person loses government assistance equal to their gain in income from working
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An increase in the expected inflation rate causes the supply of bonds to ________ and the supply curve to shift to the ________, everything else held constant
A) increase; left B) increase; right C) decrease; left D) decrease; right
In what way is corporate income subject to double taxation?
What will be an ideal response?
How has the influx of women into the paid labor force over the past half century influenced economic growth? State at least three of the six reasons given for the increase in the number of women in the paid workforce over the past half century
Please provide the best answer for the statement.
Answer the following statements true (T) or false (F)
1) The greater the MPC, the greater the multiplier. 2) The multiplier is equal to the reciprocal of the MPC. 3) The multiplier shows the relationship between changes in a component of spending, say, investment, and the consequent changes in real income and output. 4) Economists widely agree that the value of the real-world multiplier is 2.5. 5) If the MPC is .9 and investment spending increases by $20 billion, real GDP will increase by $200 billion.