In the United States during the 1930s
A) government spending decreased and taxes increased, resulting in a fiscal contraction.
B) government spending and taxes both decreased, resulting in a net fiscal contraction.
C) government spending increased and taxes decreased, resulting in a fiscal expansion.
D) government spending and taxes both increased, resulting in zero net fiscal expansion.
D
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Sam's production possibilities frontier has good A on the horizontal axis and good B on the vertical axis. If Sam is producing at a point inside his frontier, then he
A) can increase production of both goods with no increase in resources. B) is fully using all his resources. C) values good A more than good B. D) values good B more than good A.
The federal government began officially measuring poverty in the
A) 1860s. B) 1900s. C) 1930s. D) 1960s.