What played the largest role in the formation of poor black ghettos?
A. Welfare
B. High birth rates among unwed mothers
C. The migration of black middle- and working-class families from poor black neighborhoods in the 1960s and 1970s
D. Rising employment discrimination
C. The migration of black middle- and working-class families from poor black neighborhoods in the 1960s and 1970s
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If the MPC = 0.9, the multiplier would be
A) 0.1. B) 2. C) 9. D) 10.
When Japan's MITI (Ministry of International Trade and Industry) focused resources on the semiconductor industry, and in particular on Random Access Memory (RAM), it was viewed as a typically successful Japanese foray into a new dynamic strategic
sector. The results, as viewed by the late 1990s A) justified this view. B) led to similar structuring of industrial policy in the U.S. C) lent support to the Brander-Spencer model. D) helped shift the focus of economists away from Japanese-style industrial policy. E) propelled Japan into the leading country in high-tech manufacturing.
Long-run economic growth (meaning the economy's average annual rate of growth over an extended period is greater than zero) is depicted by a(n)
a. horizontal trend line b. downward-sloping trend line c. fluctuating trend line (which fluctuates around the average) d. upward-sloping trend line e. vertical trend line
A recession can be expected to reduce inflation in the economy if the recession is caused by a(n)
a. increase in aggregate demand. b. increase in aggregate supply. c. decrease in aggregate demand. d. decrease in aggregate supply.