The relationship between inflation and unemployment shown along a Phillips curve is a(n):
a. direct relationship.
b. quadratic relationship.
c. exponential relationship.
d. inverse relationship.
e. parabolic relationship.
d
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The main attractive feature of a negative income tax program is
a. it is politically clean and simple b. it keeps the IRS out of the picture c. it avoids cash payments to the poor d. it is totally financed out of the incomes of the poor creating for them a sense of individual responsibility e. it only subsidizes the unemployed
If both borrowers and lenders anticipate the rate of inflation correctly, then
A. borrowers will lose real income. B. lenders will lose real income. C. both borrowers and lenders will lose real income. D. neither borrowers nor lenders will lose real income.
All of the following are social insurance programs designed to attack poverty EXCEPT
A. Social Security. B. food stamps. C. temporary assistance to needy families. D. tuition assistance.
Economists Lochner and Moretti have identified external benefits to education in the form of
A. improved melodies produced by better-educated musicians. B. education-related crime reductions. C. the higher quality of elected officials chosen by better-educated voters. D. higher salaries earned by better-educated engineers.