Self- reinforcing mechanisms that cause the poor to stay poor are called:

A. poverty traps.
B. societal traps.
C. social networks.
D. social aberrances.


Answer: A

Economics

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Economics

The figure shows the market for rental units in Gladstone. The market is in equilibrium. The government now introduces a rent ceiling of $500 a month. The price of a rental unit ________ and the number of units rented ________

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Economics

Since 1950, the average length of a recession in the United States has been

A) such that recessions barely exist. B) less than a year. C) between 1 and 2 years. D) greater than 2 years.

Economics

One reason for the short-run aggregate supply curve (SRAS) is:    

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Economics