Which of the following would transfer wealth from old to young?
a. Increases in the budget deficit.
b. Decreased building of highways and bridges.
c. More generous education subsidies.
d. Indexation of Social Security benefits to inflation.
c
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To lower interest rates on residential mortgages to stimulate the housing market, the Fed extended its open market operations to purchase
A) mortgage-backed securities. B) commercial papers. C) long-term Treasuries. D) Treasury bills and Treasury notes.
According to the World Bank, low-income economies are heavily concentrated in:
a. Europe and Africa. b. Europe and Asia. c. Asia and Africa. d. Asia and Australia. e. North America and Australia.
If the demand for a good increased, what would be the effect on the equilibrium price and quantity?
a. Price would increase, and quantity would decrease. b. Price would decrease, and quantity would decrease. c. Price would increase, and quantity would increase. d. Price would decrease, and quantity would increase.
Which group has the highest poverty rate from among these groups?
A. Children under 18 B. Persons over 65 C. White males D. Members of working class families