Government policies that increase the long-term economic growth rate by a small amount result in ________ in average living standards.
A. small increases
B. large increases
C. small decreases
D. no change
Answer: B
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An increase in the reserve requirement will lead to increased net exports
Indicate whether the statement is true or false
If the Fed conducts an open market sale of bonds, which of the following will happen?
a. The interest rate will decrease, the aggregate expenditure line will shift upward and the aggregate demand curve will shift rightward b. The interest rate will decrease, the aggregate expenditure line will shift downward and the aggregate demand curve will shift rightward c. The interest rate will increase, the aggregate expenditure line will shift downward and the aggregate demand curve will shift leftward d. The interest rate will decrease, the aggregate expenditure line will shift upward and the aggregate demand curve will shift leftward e. The interest rate will increase, the aggregate expenditure line will shift downward and the aggregate demand curve will shift rightward.
Discuss the controversy surrounding affirmative action. How does this controversy illustrate the trade-off between equality and efficiency?
What will be an ideal response?
The poverty rate by family size levels off after 4 children
Indicate whether the statement is true or false