By December 2009, the recession that began in December 2007:
A. had shifted 2 million people out of TANF and into the unemployment compensation
system.
B. doubled the number of people on welfare.
C. raised the number of TANF recipients from 3.9 million to about 4.4 million.
D. raised the number of TANF recipients to about 5 percent of the population.
Answer: C
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Which of the following is most important in explaining exchange rate fluctuations in the short run?
A) relative price levels across countries B) relative rates of productivity growth across countries C) preferences for domestic and foreign goods D) interest rates
Which of the following type of shops is unlawful under the provisions of the Taft-Hartley Act?
A) union shops B) closed shops C) modified union shops D) open shops
An increase in long-run average costs resulting from increases in output is
A) attributed to economies of scale. B) attributed to diseconomies to scale. C) attributed to constant returns to scale. D) attributed to the law of diminishing marginal product.
As disposable income increases, consumption
A. decreases. B. may either increase or decrease depending on the MPC. C. increases. D. may either increase or decrease depending on the wealth effect.