Which statement about public assistance is false?
A. It is aimed solely at the poor.
B. It has failed completely.
C. It has not ended poverty.
D. It has fostered a permanent underclass.
B. It has failed completely.
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Which of the following is an example of fiscal policy?
A) a reduction in the money supply. B) a reduction in the federal funds rate. C) a reduction in lump-sum taxes. D) an increase in the physical stock of capital.
What does a horizontal demand curve indicate about the price elasticity of demand?
What will be an ideal response?
The difference between actual and natural unemployment rates is called ________ unemployment
A) turnover B) mismatch C) cyclical D) measured
The "real business cycle" (RBC) model adapts the Lucas model by replacing its assumption of
A) demand shocks as primary generators of cycles. B) adaptive expectations. C) continuous market-clearing. D) slow wage and price adjustment.