Of the following explanations for why crime fell from 1990 to 2014, which does the Brennan Center suggest had an impact in the 1990s, but not after?
A. Longer effective sentences
B. The decrease in the number of police
C. Lower rates of incarceration
D. CompStat usage
Answer: A
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The total expenditure on goods and services in a country must be the same as the total income earned from selling goods and services because:
a. the government's annual budget has to balance. b. net exports in an economy is usually zero. c. one sector's expenditures are another sector's income. d. total investment in an economy always equals total saving. e. the sum of consumption spending and saving is zero.
By what mechanism does the economy always return to full employment after a demand shock in the short run?
a. Wages automatically adjust themselves. b. The interest rate automatically adjusts itself. c. Prices automatically adjust themselves. d. Taxes automatically adjust themselves. e. Rents automatically adjust themselves.
Suppose you have a choice between receiving a lump-sum payment of $10,000 today or four annual payments of $2,750 (with the first payment today). Of the following, which is the lowest annual interest rate at which you would prefer the lump-sum payment over the four annual payments?
a. 2% b. 5% c. 7% d. 10%
Other things the same an increase in the interest rate
a. increases national saving, this is shown by moving along the demand for loanable funds curve. b. increases national saving, this is shown by moving along the supply of loanable funds curve. c. decreases national saving, this is shown by moving along the demand for loanable funds curve. d. decreases national saving, this is shown by moving along the supply of loanable funds curve.