The largest drop in the percentage of families below the poverty level occurred
a. in the 1960s
b. in the 1970s
c. in the 1980s
d. in the early 1990s
e. during the recession of the early 1980s
A
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Net exports are total imports minus total exports
Indicate whether the statement is true or false
Keynes believed that changes in autonomous spending were dominated by unstable fluctuations in ________, which are influenced by emotional waves of optimism and pessimism—factors he referred to as "animal spirits."
A) unplanned investment spending B) actual investment spending C) planned investment spending D) autonomous consumer expenditures
If demand falls and supply falls, equilibrium price will _____ and equilibrium quantity will _____.
Fill in the blank(s) with the appropriate word(s).
The graph shown demonstrates a tax on sellers. Once the tax has been imposed, the sellers produce ________ units and receive ________ for each one sold.
A. 15; $6 B. 15; $16 C. 31; $19 D. 31; $9