Based on the table showing poverty for different groups, which group’s poverty rate is closest to the rate for all persons?
a. male households with no wife
b. female households with no husband
c. children under 18
d. married couple families
a. male households with no wife
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The budget line facing a household includes information on
A. prices of two goods and household income. B. household income and the price of money. C. the price of one good and household income. D. the price of two goods but no information on household income. E. preferences of goods at various prices.
If the marginal propensity to consume (MPC) is 0.80, and if policy makers wish to increase real GDP $200 billion, then by how much would they have to change taxes?
a. ?$240 million. b. ?$200 million. c. ?$180 million. d. ?$50 million.
Suppose a hefty rise in the demand for Mexican pesos creates a chronic shortage of this currency in the foreign exchange market. Which of the following steps should be adopted by the Mexican government to eliminate this shortage?
a. The government should impose a ban on Mexican exports. b. The government should devalue the peso. c. The government should print more pesos to increase its supply. d. The government should allow the peso to appreciate. e. The government should allow the peso to depreciate.
If the demand for money decreases, ceteris paribus, the LM curve would:
A) shift right. B) shift left. C) remain constant. D) slope more steeply.