The percentage of our population below the poverty line is about _____%.

Fill in the blank(s) with the appropriate word(s).


13.2

Economics

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Based on the figure below. Starting from long-run equilibrium at point C, an increase in government spending that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ creating _____gap.  

A. D; an expansionary B. B; no output C. B; expansionary D. A; a recessionary

Economics

Employees at the university have negotiated a 5 percent increase in wages for the next year, based on their inflation expectations. If inflation is actually 4 percent over the next year, which of the following will occur?

A) Unemployment of university employees will fall. B) The decrease in inflation is expected. C) Real wages for university employees will rise. D) Inflation will be 5 percent the following year.

Economics

If two indifference curves cross, all points on both curves would yield an equal level of utility, which would violate the "more is better" property

a. True b. False Indicate whether the statement is true or false

Economics

Refer to Figure 22-4. The movement from A to B to C illustrates

A) an improvement in technology. B) diminishing returns to labor. C) a decline in capital per worker. D) diminishing returns to capital.

Economics