Which is the most accurate statement?
A. Workfare has been a great success in moving millions of people off the welfare rolls into minimum wage jobs.
B. Most people on welfare are now limited to receiving benefits for no more than 5 years during their entire adult lives.
C. The Personal Responsibility and Work Opportunity Act of 1996 provides jobs or training for every adult who desires to leave welfare.
D. Until the passage of welfare legislation in 1996, the welfare rolls had been rising for the previous 6 years.
B. Most people on welfare are now limited to receiving benefits for no more than 5 years during their entire adult lives.
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"Duopoly" is
A) another name for monopoly. B) a special type of monopolistic competition. C) a two-firm oligopoly. D) a game with three players. E) the situation when a firm sets a duo (two) of different prices for its customers.
Monetarists believe that there is a ________ link between money supply growth and target variables and that the public is ________ in movements in the money supply
A) strong, interested B) strong, disinterested C) tenuous, interested D) tenuous, disinterested
Assume the economy is in recession and real GDP is below full employment. The marginal propensity to consume (MPC) is 0.75, and the government follows Keynesian economics by using expansionary fiscal policy to increase aggregate demand (total spending). If an increase of $1,000 billion aggregate demand can restore full employment, the government should:
a. increase spending by $250 billion. b. decrease spending by $750 billion. c. increase spending by $1,000 billion. d. increase spending by $750 billion.
If the dollar value of paper produced and the total wages paid to labor both rise, value added in the paper industry could be unaltered
Indicate whether the statement is true or false