Who is most likely to be poor?
A. Someone over age 65
B. A Hispanic American
C. A black person
D. Someone living in a female-headed household with children
D. Someone living in a female-headed household with children
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If the Fed decided to target price levels and inflation was lower than its target for a period of time, the Fed would be required to
A) permanently raise inflation above its target to reach and maintain its price level target. B) permanently lower its price level target to align it with the inflation rate. C) temporarily lower its inflation target to match its price level target. D) temporarily raise inflation above its target to reach its price level target.
An increase in the quantity of capital shifts both the long-run and short-run aggregate supply curves
Indicate whether the statement is true or false
The per worker production function shows the relationship between
A) the labor force and the capital stock. B) the supply of labor and the population. C) the hours worked and the number of workers. D) real GDP per worker and capital per worker.
The GDP deflator is a broader measure of the price level than the CPI because
A) it covers sales tax. B) it covers rents. C) it covers investment. D) it factors out fluctuations in seasonal items.