Which statement is true?
A. There are at least a dozen different theories of poverty.
B. The liberals and conservatives are in basic agreement about the causes of poverty.
C. The liberals and conservatives are in basic agreement about how to solve the poverty problem.
D. None of these statements are true.
A. There are at least a dozen different theories of poverty.
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Social Security _____
a. reduces the incentive to save b. increases the incentive to save c. has no effect on saving d. increases the incentive to save when population growth is falling and decreases the incentive to save when population growth is falling
The Reserve Bank of Glassen is the apex banking institution in the country of Glassen. Money supply in Glassen will increase when:
a. the Reserve Bank of Glassen buys bonds from commercial banks b. the Reserve Bank of Glassen raises the required reserve ratio for commercial banks. c. the Reserve Bank of Glassen sells government bonds to commercial banks. d. the Reserve Bank of Glassen raises the discount rate for commercial banks. e. the Reserve Bank of Glassen prints new checks.
If a natural disaster were to cause a negative long-run supply shock to the economy, once the economy adjusts, the new equilibrium will be at a:
A. higher price level and lower level of output. B. lower price level and lower level of output. C. higher price level and higher level of output. D. lower price level and higher level of output.
If an economy begins to use its resources less efficiently, it will move
A. to a point farther away from its ppf. B. from one point to another point along its ppf. C. from a point along its ppf to a point outside its ppf. D. to a point closer to its ppf.