Demand-pull inflation is most pronounced during a recession (as opposed to the recovery phase of the business cycle)
a. True
b. False
Indicate whether the statement is true or false
False
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How does the U.S. federal government assist workers who have lost their jobs due to international trade?
What will be an ideal response?
To solve their basic long-term economic problems, developing countries primarily need
a. food. b. clothing. c. technical assistance. d. shelter.
A nation running a persistent balance of payments deficit while part of a fixed exchange rate system would have to __________ international reserves in an effort to prevent its currency from __________
A) amass; appreciating B) amass; depreciating C) pay out; appreciating D) pay out; depreciating
Data indicate that the large increase in government spending on income transfers that started with the War on Poverty during the latter half of the 1960s has resulted in
a. a substantial reduction in the poverty rate. b. a more equal distribution of income. c. fewer single-parent families because a married couple receives benefits twice as large. d. little change in the official poverty rate.