An example of an in-kind benefit is
A. a welfare payment.
B. capital gains.
C. a charitable contribution of money.
D. public housing.
Answer: D
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Only a change in the price level can cause shifts in both the aggregate expenditure line and the aggregate demand curve
a. True b. False Indicate whether the statement is true or false
Despite continued growth in average income since the early 1970s, the poverty rate has not declined below the level reached in 1973
a. True b. False Indicate whether the statement is true or false
When unions raise wages beyond what productivity increases would permit,
A) more union workers are employed. B) there are higher wages for all union members. C) there is a redistribution of income from low- to high-seniority workers. D) nonunion workers wages in the economy also increase.
In the mobile device industry, an example of a platform firm is
A. a developer of mobile device operation systems. B. a provider of wifi networks. C. a mobile apps developer. D. a retailer of mobile device accessories.