Each of the following except _____ takes a liberal position with respect to poverty.
A. Charles Murray
B. Barbara Ehrenreich
C. Lisabeth and Daniel Schorr
D. Frances Fox Piven
A. Charles Murray
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According to your textbook, it is best to view "the market" as
A) a person. B) a place. C) a thing. D) a process of plan coordination among buyers and sellers. E) a highly complicated series of exchanges, which can only be coordinated by the efforts of economists and other experts in government.
The prime rate is the interest rate charged to a bank's best customers
a. true b. false
The following table provides data for an economy in a certain year. Consumption expenditures1,000Imports600Government purchases of goods and services700Construction of new homes and apartments500Sales of existing homes and apartments600Exports500Government payments to retirees200Household purchases of durable goods300Begining-of-year inventory500End-of-year inventory600Business fixed investment300Given the data in the table, compute the investment component of GDP.
A. 800 B. 900 C. 300 D. 400
If inflation was 3 percent last year and 2 percent this year, an individual who follows extrapolative expectations would predict that the inflation rate for the coming year would be:
A. 1 percent. B. 0 percent. C. 3 percent. D. 5 percent.