The threshold income level originally used to determine official poverty statistics was based on
A) an income three times the amount of money needed to purchase a nutritionally adequate diet.
B) standards provided by the United Nations based on studies done in poor countries around the world.
C) the highest income of the lowest one-fifth of families in the country.
D) a per capita income of $1,000 in 1958 prices.
Answer: A
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Suppose the economy is producing above potential GDP and the Federal Reserve implements the appropriate change in monetary policy, but not until after the economy has started to slow down on its own. In this situation there is a real danger that
A) the Fed's expansionary policy will result in too small of an increase in GDP. B) the Fed's expansionary policy will result in too large of an increase in GDP. C) the Fed's contractionary policy will result in too large of a decrease in GDP. D) the Fed's contractionary policy will result in too small of a decrease in GDP.
Mezzanine debt funds hold quite __________ assets issued by __________ companies
A) risky; small to midsized B) risky; large C) safe; small to midsized D) safe; large
Which of the following statements about the importance of trade to the U.S. economy is false?
A) Since 1970, both exports and imports have steadily increased as a fraction of U.S. gross domestic product. B) Overall, about 20 percent of U.S. manufacturing jobs depend directly or indirectly on exports. C) The United States is the second largest exporter in the world. D) The U.S. economy is highly dependent on international trade for growth in its gross domestic product.
Identify two variables that shift the desired investment curve. Is desired investment negatively related or positively related to each of these variables?
What will be an ideal response?