Which of the following statements is not correct?
a. The poverty line is an absolute level of income set by the federal government below which a family is considered to be in poverty.
b. The poverty line is approximately equal to three times the cost of providing an adequate diet.
c. The poverty line is adjusted annually to reflect changes in price levels.
d. The poverty line is adjusted semiannually to reflect changes in fuel prices.
d
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A temporary supply shock that raises prices will cause the real interest rate to
A) rise in both the short and long runs. B) rise in the short run but not in the long run. C) fall in both the short and long runs. D) fall in the short run but not in the long run.
Alexander Hamilton argued for a "National Bank" that would
a. provide the increased money supply necessary to accommodate increased business activity. b. lend money to the U.S. Treasury. c. serve as fiscal agent for the U.S. government. d. serve as a tax collection agency for the U.S. government. e. All of the above.