The percentage of U.S. citizens living in poverty is actually higher today than it was for most of the 1970s.

Tariffs are considered to be a popular tax in the first world countries who justify them on the basis of the revenue they generate for government spending

a. True b. False Indicate whether the statement is true or false

To find an economy's long-run equilibrium price level, locate the point where ________ and ________ cross and look to the left.

A. demand; supply B. aggregate demand; price level C. aggregate demand; short-run aggregate supply D. long-run aggregate supply; aggregate demand