Relative poverty
A) has been eliminated in the United States.
B) will always be with us.
C) has never existed in the United States.
D) can be eliminated in the next 20 years.
Answer: B
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Starting from long-run equilibrium, an increase in autonomous consumption results in ________ output in the short run and ________ output in the long run.
A. higher; higher B. higher; potential C. lower; higher D. lower; potential
Which of the following is NOT a practice that prevents risk-shifting by a borrower?
A) limited-liability ownership B) placing liens on collateral C) personal guarantees D) restrictive covenants
Which of the following is NOT a communication pattern?
a. chain b. circle c. wheel d. arc
Which of the following will cause a change in the exchange rate?
A. changes in consumer preferences B. changes in real interest rates C. changes in the perception of economic stability D. all of these