A decrease in the price of peanut butter will cause a leftward shift of the supply curve of peanut butter
a. True
b. False
B
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A government redistribution of income program is proposed with the aim of making the income distribution the same as the 45° line in a Lorenz curve diagram. What implications does the idea of the "big tradeoff" have for the program?
What will be an ideal response?
Which of the following statements is(are) correct
a. As a result of the Great Depression of the 1930s, the quantity theory had come into disrepute, together with the rest of the classical theories. b. According to Friedman, the depression was caused by a fall in aggregate supply and not aggregate demand as believed by the Keynesians. c. As a result of the Great Depression of the 1930s, Friedman believed that the Keynesians had nothing to say about money demand. d. All of the above e. both b and c.
Between 1998 and 2001, the federal budget was:
a. never in surplus. b. in surplus about as often as it was in deficit. c. in surplus. d. never in deficit.
Which statement is true?
A. There is no one single cause of homelessness. B. Most of the homeless have jobs. C. There are fewer Americans homeless than ten years ago. D. People are homeless because they want to be.