For most welfare recipients, the negative income tax plan would increase incentives to work.
Answer the following statement true (T) or false (F)
True
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An increase in demand is represented graphically by a rightward shift of the demand curve
Indicate whether the statement is true or false
The September 11 attacks had the effect of shifting the
A) IS curve to the right. B) IS curve to the left. C) LM curve to the right. D) LM curve to the left.
Open market operations involve:
a. opening the discount window b. buying stocks in the stock market. c. buying and selling government securities in the open market. d. opening new markets for commodities. e. selling failed banks to other banks.
Some low-income countries generally remain poor because
a. their institutional arrangements and policies often discourage productive activity and reduce the potential gains from specialization and exchange. b. they are oppressed by developed nations that benefit from the cheap goods available from countries with low wage rates. c. they are poorly endowed with natural resources, which are essential for long-term growth. d. when the average income level is low, workers have little incentive to earn higher incomes.