The poverty line
A. is shifted downward from year-to-year.
B. is constant.
C. is raised from year-to-year.
D. is tied to the unemployment rate.
C. is raised from year-to-year.
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An increase in interest rates results in a(n) ________ in the required rate of return to hold stocks and ________ current stock prices.
A. decrease; reduces B. decrease; raises C. increase; reduces D. increase; raises
What is the change in the money supply when the Fed purchases $700 worth of bonds and the required reserve ratio is 14 percent assuming banks hold no excess reserves?
Which of the following is an efficiency argument against the welfare state?
a. High marginal tax rates create large disincentives to work and lower overall production. b. It is fairer to tax those with higher incomes than those with lower incomes. c. The government has no right to force those with higher incomes to pay more taxes than those with lower incomes. d. Principles of social justice argue that society should take care of the poor.
Since 1960, the percentage of the population with a college degree has increased from ________ to ________.
A. less than 10%; near 35% B. near 40%; near 50% C. around 20%; near 85% D. less than 2%; near 50%