Each of the following except _____ takes a liberal position with respect to poverty.
A. Charles Murray
B. Barbara Ehrenreich
C. Lisabeth and Daniel Schorr
D. Frances Fox Piven
A. Charles Murray
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Inflation was a major problem in the United States during the early years of the Great Depression
a. True b. False Indicate whether the statement is true or false
Which of the following will most likely have the greatest effect on an individual's consumption function?
a. winning a small amount in the lottery b. a one-time tuition grant c. a week of high overtime pay d. an inheritance paying a modest annual dividend
Two alternative measures of the overall level of prices are
a. the inflation rate and the consumer price index. b. the inflation rate and the GDP deflator. c. the GDP deflator and the consumer price index. d. the cost of living index and nominal GDP.
Supply-side economists believe reductions in tax rates can
A) shift the aggregate demand curve to the left. B) shift the short run aggregate supply curve to the left. C) increase output and lower prices. D) decrease output and lower prices.