Economic mobility refers to the
a. government's attempt to distribute monetary assistance to areas most in need.
b. ability of families to freely relocate to find good jobs.
c. movement of people among income classes.
d. movement of resources from one country to another.
c
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How does an expansionary monetary policy affect aggregate expenditures according to the bank lending channel?
What will be an ideal response?
Which of the following conditions best explain the short-run economies of operation associated with production of an information product?
A) AVC slopes downward, and AFC is constant, so that ATC slopes downward. B) AVC is constant, and AFC slopes downward, so that ATC slopes downward. C) AFC is constant, and MC slopes downward, so that AVC slopes downward. D) MC is constant, and MC slopes upward, so that AVC slopes upward.
Because increases in inflation reduce aggregate spending and short-run equilibrium output:
A. the aggregate demand curve is horizontal. B. the aggregate demand curve is downward sloping. C. the aggregate demand curve is upward sloping. D. the short-run aggregate supply line is downward sloping.
If Jane Doe puts $1,000 cash into her checking account,
A. M1 increases. B. M1 stays the same. C. M1 decreases.