Charles Murray believed that the antipoverty programs of the 1960s and 1970s
A. drastically reduced the level of poverty.
B. slightly reduced the level of poverty.
C. had no impact on the level of poverty.
D. caused more poverty.
D. caused more poverty.
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The slope of the consumption function is
A) equal to the MPC and is equal to 1. B) not equal to the MPC and is equal to 1. C) equal to the MPC and is less than 1. D) equal to the MPC and is greater than 1. E) not equal to the MPC and is less than 1.
The unregulated, single-price monopolist illustrated in the figure above makes an economic profit of
A) zero. B) $8.00 per day. C) $10.00 per day. D) $40.00 per day.
The demand for foreign currency is derived from the demand for that country's goods and services
a. True b. False Indicate whether the statement is true or false
If the actual price level is lower than the expected price level, an economy will contract in the short run.
a. true b. false