Which of the following statements best describes the U.S. high school graduation rate?
a. As recently as 1970, only about half of U.S. adults had at least a high school diploma; by the start of the twenty-first century, more than 90% of adults had graduated from high school.
b. As recently as 1980, only about half of U.S. adults had at least a high school diploma; by the start of the twenty-first century, more than 80% of adults had graduated from high school.
c. As recently as 1970, only about half of U.S. adults had at least a high school diploma; by the start of the twenty-first century, more than 70% of adults had graduated from high school.
d. As recently as 1970, only about half of U.S. adults had at least a high school diploma; by the start of the twenty-first century, more than 60% of adults had graduated from high school.
b. As recently as 1980, only about half of U.S. adults had at least a high school diploma; by the start of the twenty-first century, more than 80% of adults had graduated from high school.
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It is difficult to determine expected real rates of interest because
A) we never know exactly what inflation rates people anticipate. B) we cannot measure the nominal interest rate. C) the inflation rate is a subjective measurement. D) we cannot measure the inflation rate.
The poverty line is meant to distinguish
A. absolute poverty. B. relative poverty. C. absolute inequality. D. relative inequality.
Which of the following best defines time inconsistency?
A) the increasing inaccuracy of econometric models as the time horizon becomes longer B) the tendency for the rise in output to be greater in the early years of a president's term, and smaller in the later years C) the effects of political electoral cycles on the business cycle D) the tendency for policy makers to deviate from a pre-announced optimal policy once agents in the economy have adjusted their behavior and expectations based on the pre-announced policy E) the effect of economic uncertainty on short-run stabilization policy
The so-called market portfolio used as a benchmark in financial economics is:
A. The lowest risk portfolio B. The most diversified portfolio C. The portfolio with the highest expected return D. The portfolio with zero systemic risk