Considering the living arrangements of children in one-parent families, less than 10% of these were father only in 2005
Indicate whether the statement is true or false
F
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Provisions that cause changes in government spending and taxes that do not require action of the President or Congress are called
A) discretionary fiscal policy. B) automatic stabilizers. C) private stabilization effects. D) discretionary stabilizers.
Suppose you were the president of the Dayton National Bank, the only bank in Dayton, Ohio. You wanted to borrow money from the Fed. You pick up the phone to ask the Fed what today's _____________ is because that's the rate the Fed charges member banks who borrow from it
a. prime rate b. federal funds rate c. discount rate d. federal reserve rate e. federal bank rate
Doug wants to start up his own business, and needs $25,000 to get it off the ground. He can either withdraw it from his savings account, where he currently earns 3 percent, or he can take out a loan for $25,000 and pay 5 percent interest. Doug should compare:
A. the explicit cost of $750 to the implicit cost of $1,250 and choose to use his savings. B. the explicit cost of $25,750 to the explicit cost of $26,250 and choose to borrow the money. C. the implicit cost of $750 to the explicit cost of $1,250 and choose to borrow the money. D. the implicit cost of $750 to the explicit cost of $1,250 and choose to use his savings.
Empirical research suggests that the steepness of the aggregate supply curve depends on the
A. size of the multiplier. B. interest rate. C. level of wage rate. D. amount of excess capacity in the economy.