By 2012, the poverty line for a typical family of four stood at about $23,250
a. True
b. False
Indicate whether the statement is true or false
True
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Refer to Table 17.1. The employment rate for this simple economy is
A) 40%. B) 50%. C) 75%. D) 80%.
From 1981 to 2011, the unemployment rate in the United States
A) was always lower than the unemployment rate in Japan. B) almost always equaled the unemployment rate in Canada. C) generally rose while the unemployment rate in the Eurozone fell. D) was generally lower than the unemployment rate in the Eurozone. E) was usually higher than the unemployment rate in Canada.
The "invisible hand" refers to
a. the government. b. the free market. c. central planners. d. large businesses.
In 1990, Britain joined the ERM. If the German Bundesbank increased interest rates, assuming Britain maintains its exchange rate peg, the likely impact on the British economy would be a(n):
A) recession. B) inflationary economy. C) stronger pound. D) decrease in taxes.