If the value of non-cash assistance to the poor were included in their income
A. the official number of persons classified as poor would be higher.
B. the official number of persons classified as poor would be lower.
C. the poverty income threshold would decrease.
D. the poverty income threshold would increase.
B. the official number of persons classified as poor would be lower.
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A bank's net interest income is
A) the same as net operating income. B) the difference between interest on loans and interest expense. C) the same as net operating income before expenses. D) the difference between total interest income and interest expense.
If higher inflation ensues from a temporary negative supply shock, and in response, the central bank raises interest rates, then the resulting decrease in AD will return inflation back to its original level ________
A) and no further action will be required by the central bank B) but the ensuing positive output gap will lead to higher inflation once again so further interest rate increases will be required by the central bank to return inflation back to its long run level C) but the ensuing negative output gap will lead to short-run increases in AS and the central bank will have to "undo" its original interest rate hike in order to return inflation back to its target rate D) all of the above E) none of the above
Which of the following federal agencies is engaged in social regulation?
A) Equal Employment Opportunity Commission B) Office of the Comptroller of the Currency C) the Securities and Exchange Commission D) Federal Deposit Insurance Corporation
An important difference between perfect competition and monopoly is
A) a monopoly is profitable and a perfect competitor is not. B) the monopoly faces a downward sloping demand curve and the perfect competitor faces a horizontal demand curve. C) the monopoly faces an inelastic demand curve and the perfect competitor faces an elastic demand curve. D) a monopoly is not regulated by the market, while a perfect competitor is regulated by the market.