Research suggests that about ________ percent of people living under the poverty line in any given year are chronically poor.

The largest category of capital-market instrument is

A) corporate stock. B) large-denomination negotiable certificates of deposit. C) U.S. government securities. D) commercial and consumer loans.

The marginal propensity to consume is defined as the:

a. fraction of total income not spent on consumption. b. proportion of any change in income that is spent on consumption. c. fraction of total income spent on consumption. d. fraction of a change in income that is saved.