Which writer held the view that by showering so much money on the poor, the government robbed them of their incentive to work?
A. Barbara Ehrenreich
B. Frances Fox Piven
C. Charley Murray
D. William Julius Wilson
C. Charley Murray
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In the upward-sloping segment of the aggregate supply curve,
a. increases in output are linked to decreases in the price level. b. increasing prices drag down resource costs. c. producers can hire more workers without having to raise the wage rate. d. the economy can increase aggregate supply without prices going up. e. firms are willing to pay higher wages to get more labor.
Discretionary fiscal policy:
What will be an ideal response?
From a consumer's viewpoint, which of the following policies would be least desirable?
A. Free trade. B. Quotas on imported goods. C. No trade. D. Tariffs on imported goods.
If a borrower arbitrarily gains purchasing power as the result of a particular loan agreement, then
A. actual inflation was greater than expected inflation. B. actual inflation was equal to expected inflation. C. actual inflation was less than expected inflation. D. the real interest rate was greater than the nominal interest rate.