Since 1973 the incidence of poverty has generally increased for

A. children.
B. the elderly.
C. married couples.
D. All of the choices are true.

A. children.

Economics

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The above figure represents a restaurant operating in monopolistic competition

a. What is the profit-maximizing level of output? b. What price will the firm charge? c. What is the firm's profit (or loss)? d. Is this a long-run equilibrium? Why or why not? e. Is this firm producing its efficient scale of output?

Economics

Assuming that the central bank is following a money stock targeted, an exogenous rise in investment demand

a. causes income to rise but the money stock has to be increased to accommodate the expansion. b. has to be accommodated with open market purchases to expand the money stock. c. increases income, money demand, and lowers the interest rate. d. increases income and money demand and lowers the interest rate. e. none of the above.

Economics