Society as a whole likely benefits from a decrease in poverty because:
A. if there are fewer people in poverty, the incentive to commit crimes falls.
B. increased assistance to those in poverty raises their incentives to work.
C. social programs to help the poor are a small portion of the U.S. government budget.
D. if there are fewer families in poverty, there will be less demand for childcare.
Answer: A
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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________, 
A. Rising; B; C B. Falling; A; C C. Falling; A; B D. Rising; A; C
Using the above table, a unit tax of $2 is imposed on the product. The equilibrium price of this product after the tax is imposed is
A) $5. B) $4. C) $3. D) $2.
What is the most compelling evidence for the Keynesian interpretation of the Great Depression?
a. Increases in both the interest rate and the quantity of money b. Decreases in both the interest rate and the quantity of money c. An increase in the interest rate and a decrease in the quantity of money d. A decrease in the interest rate and an increase in the quantity of money
Equilibrium price refers to the:
A.) Price at which most producers are willing to sell their product. B.) Price at which the quantity demanded of a good equals the quantity supplied. C.) Price that equals marginal cost. D.) Balance between what producers want to charge and what the government will allow.