In his book Losing Ground, _________ argued that between 1968 and 1980 government antipoverty spending quadrupled, but the poverty rate remained the same.
Fill in the blank(s) with the appropriate word(s).
Charles Murray
You might also like to view...
The potential money multiplier gives us
A) the maximum potential change in the money supply due to a change in reserves. B) the growth in real national income when the money supply increases. C) the maximum potential change in the money supply due to a change in income. D) the growth in the money supply when income increases.
Explain the difference between marginal cost and marginal benefit
What will be an ideal response?
Policy makers cannot achieve both price stability and economic activity stability when facing
A) temporary supply shocks. B) permanent supply shocks. C) demand shocks. D) all of the above.
A temporary supply shock, such as a bumper crop, would
A) shift the FE line to the right and leave the IS curve unchanged. B) shift the FE line to the left and shift the IS curve up and to the right. C) shift the FE line to the left and leave the IS curve unchanged. D) have no effect on the FE line.