Which of the following asserts that politicians try to match policies to the preferences of “middle-of-the-road” voters?
a. Median voter theory
b. Average constituent theory
c. Bipartisan politics theory
d. Rational ignorance theory
a. Median voter theory
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Which of the following combinations would unambiguously increase the supply of money? a. The Fed pays a higher interest rate on bank reserves and increases the required reserve ratio
b. The Fed conducts an open market purchase of government securities and raises the discount rate. c. The Fed pays a higher interest rate on bank reserves and conducts an open market purchase of government securities. d. All of the above would produce conflicting effects on the supply of money
Which of the following about employment discrimination is true?
a. Employers who discriminate against blacks and other minorities will have lower costs than rival firms that hire employees strictly on the basis of productivity. b. After adjusting for factors such as education, experience, and location, the earnings of black men are almost identical to the earnings of white men. c. If minority and white employees in a skill category are equally productive, the profit motive provides employers with a strong incentive to hire minority employees if they are available at a lower wage. d. The empirical evidence indicates that the earnings gap between whites and blacks is entirely the result of worker preference.
In a typical 10-year period, about one in four families falls below the poverty line in at least one year. What percentage of families are poor for eight or more years?
Planned aggregate expenditure (PAE ) equals:
A. C + I p + G + NX. B. C + I + G + NX p. C. C p + I + G + NX. D. C + I + G p + NX.