A common criticism of welfare programs is that they
a. create self-reliant individuals.
b. encourage strong family values.
c. encourage illegitimate births.
d. have increasing benefits over time, in real terms.
c
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American households spend about ____ of the average family budget on services, with the rest spent on goods.
A. one-half B. two-thirds C. one-quarter D. one-tenth
Refer to Figure 4-7 which shows the market for watermelons. Suppose the government imposes a price floor of Pw. How will the price floor affect the quantity supplied, quantity demanded, and quantity exchanged?
What will be an ideal response?
If the economy is on the LM curve, but is to the right of the IS curve, aggregate output will ________ and the interest rate will ________
A) rise; rise B) rise; fall C) fall; rise D) fall; fall
The Wilshire 5000 stock index is made up of the stocks of 5,000 of the largest U.S. companies
Indicate whether the statement is true or false