In the 1980s and 1990s, American families moved from below to above the poverty line at
a. approximately the same rate as European families
b. a higher rate than families in Europe
c. a lower rate than families in Europe
d. approximately the same rate as Canadian families
e. approximately the same rate as Japanese families
C
Economics
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According to the Taylor, if there is a recessionary gap of 3 percent of potential output and inflation is 4 percent, what real interest rate will the Fed set?
A. 0.02 B. 0.03 C. 0.015 D. 0.025
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If demand rises and supply remains the same, equilibrium price will _____ and equilibrium quantity will _____.
A. rise; rise B. fall; fall C. rise; fall D. fall; rise
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