Long-term solutions to communitywide poverty must involve:
A. increasing the value of the currency.
B. ways to expand the range opportunities available to the population.
C. ways to reduce taxes collected by local governments.
D. All of these are true.
Answer: B
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Which law specifically mandated the federal government's responsibility for economy-wide stability?
A) the Employment Act of 1946 B) the Sherman Act of 1890 C) the Great Depression Act of 1930 D) the Miller Act of 1960
In the aggregate demand and aggregate supply model, sticky wages, sticky prices, and misperceptions about relative prices
a. have temporary effects. b. explain why the short run aggregate supply curve might shift. c. explain why the aggregate demand curve is downward sloping. d. explain monetary neutrality.
Which of the following examples shows a price change in the most elastic range of a linear demand curve?
a. The price of CloseShave electric razors falls from $120 each to $100 each. b. The price of CloseShave electric razors falls from $100 each to $85 each. c. The price of CloseShave electric razors falls from $85 each to $80 each. d. The price of CloseShave electric razors increases from $80 each to $100 each.
An external cost is created when you
A) graduate from college. B) buy flowers for your mother on Mother's Day. C) litter on the side of the road. D) buy a sandwich for lunch.