When the Census Bureau counts the number of poor Americans, it counts

A. Only money income.
B. Personal income plus transfer payments.
C. Only in-kind income.
D. Both in-kind and money income.


Answer: A

Economics

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Contractionary monetary policy on the part of the Fed results in

A) an increase in the money supply, a decrease in interest rates, and an increase in GDP. B) a decrease in the money supply, an increase in interest rates, and a decrease in GDP. C) a decrease in the money supply, a decrease in interest rates, and a decrease in GDP. D) an increase in the money supply, an increase in interest rates, and an increase in GDP.

Economics

If a larger fraction of GDP is devoted to ___________, nation’s capital stock will grow faster and the aggregate supply curve will shift more quickly to the right, accelerating growth.

A. investments B. consumption C. trade D. none of these

Economics

The Federal Open Market Committee (FOMC) is made up of the presidents of the Federal Reserve Banks, the secretary of the Treasury, and the chair of the President's Council of Economic Advisers.

Answer the following statement true (T) or false (F)

Economics

An alternative to random experiments is to rely on ________ to mimic the controlled experiment.

A. mirror experiments B. manipulated experiments C. natural experiments D. predetermined experiments

Economics