Which statement is true?
A. There are over 50 million Americans living below the poverty line.
B. The poverty line is raised each year.
C. Nearly all the nation's poor people live in the South.
D. Poverty is a greater problem today than at any time since the end of World War II.
B. The poverty line is raised each year.
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A sign that the Federal Reserve is moving to raise interest rates would be
A) an increase in bank reserves. B) large purchases of Treasury securities by the Federal Reserve. C) a widening gap between the Treasury bill yield and the discount rate. D) a narrowing gap between the Treasury bill yield and the discount rate.
Between 1860 and 1910, output in manufacturing, mining, and railroad freight hauling
a. expanded more rapidly than the labor force in these sectors. b. grew at about the same rate as the labor force in these sectors. c. grew more slowly than the labor force in these sectors. d. expanded, while the labor force in these sectors declined.
Answer the following statement true (T) or false (F)
1) Demographers expect world population to ultimately decline in the next century. 2) Commodity prices are relatively stable from year to year. 3) Per capita water use in the United States has steadily increased since 1973. 4) Per capita energy use in the United States has remained fairly constant since 1980.
Those who are concerned about balanced budget amendments typically argue that balanced budget amendments
A) cause interest rates to be higher than they otherwise would be. B) would make fluctuations in output around the natural level of output greater. C) would increase spending in a recession. D) would reduce national saving.