Since 1970, the poverty rate has
A. been low in good times and high in bad times.
B. been high in good times and low in bad times.
C. decreased steadily and constantly in good times and bad.
D. increased steadily and constantly in good times and bad.
Answer: A
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The table below shows how the payoffs to two political candidates depend on whether the candidates run a positive or negative campaign. The payoffs are given in terms of the percentage change in the number of votes received. 
Suppose that the Republican candidate tells the Democratic candidate that he intends to run a positive campaign. The likely result is that:
A. the Republican candidate will run a positive campaign, and the Democratic candidate will run a negative campaign. B. both candidates will run a negative campaign. C. the Republican candidate will run a negative campaign, and the Democratic candidate will run a positive campaign. D. both candidates will run a positive campaign.
A bank is insolvent when:
A) its total assets exceed its total liabilities. B) its stockholders' equity exceeds its total assets. C) its stockholders' equity exceeds its total liabilities. D) its total liabilities exceed its total assets.
If people expect prices to fall in the future, today
a. the consumption curve shifts downward b. the consumption curve shifts upward c. the investment curve shifts downward d. there will be an upward movement along their consumption curves e. there will be a downward movement along their consumption curves
The term discouraged worker refers to an individual who: a. prefers full-time employment but works only part time
b. has given up looking for a job because he has lost the hope of getting a new job. c. is jobless because of the seasonal nature of his job. d. is jobless because of a recession in the economy.