Which of these statements about poverty in the United States is correct?
a. Ownership of capital is more equally distributed than income earned from labor.
b. Poverty in the United States has increased dramatically in the last 20 years.
c. Individuals who are less productive will earn lower incomes.
c. Individuals who are less productive will earn lower incomes.
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The primary purpose of the FDIC is to reduce the potential for
A) reserve cheating. B) government regulations. C) excessive interest rates. D) bank runs.
Suppose the U.S. GDP growth rate is slower relative to other countries' GDP growth rates. This will
A) move the economy up along a stationary aggregate demand curve. B) shift the aggregate demand curve to the left. C) shift the aggregate demand curve to the right. D) move the economy down along a stationary aggregate demand curve.
If inflation expectations rise, the short-run Phillips curve shifts
a. right, so that at any inflation rate output is higher in the short run than before. b. left, so that at any inflation rate output is higher in the short run than before. c. right, so that at any inflation rate output is lower in the short run than before. d. left, so that at any inflation rate output is lower in the short run than before.
In the Interstate Baking case discussed in this? chapter, scanner data showed that the products of Interstate and Continental Baking were close substitutes ?, so a merger would lead to higher prices .
In the Interstate Baking case discussed in this? chapter, scanner data showed that the products of Interstate and Continental Baking were
?, so a merger would lead to higher