Analysis of the economic status of poor people reveals that
a. most are poor because they did not have the opportunity to obtain training and a quality education.
b. most had poor parents, grandparents, and great-grandparents, suggesting that poverty is inherited.
c. the poverty population is very homogeneous regarding opportunity, cultural disadvantages, alcoholism, and other personal contributing factors.
d. poverty is a complex issue; the poor are a heterogeneous population, and the causes of poverty are multidimensional.
D
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Suppose a change in technology increases the marginal product of labor. The result is a(n):
a. downward movement along the demand for labor curve. b. rightward shift in the demand for labor curve. c. leftward shift in the demand for labor curve. d. upward movement along the demand for labor curve.
Name two macroeconomic variables that decline when an economy goes into recession, and name one macroeconomic variable that rises