According to the official U.S. threshold, 35 percent of Americans live in poverty.
Answer the following statement true (T) or false (F)
False
The Census Bureau counted over 40 million Americans as 'poor' in 2016 according to the official U.S. thresholds (as adjusted for family size). This was one out of eight U.S. households, for a poverty rate of roughly 13 percent.
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In the money market, if the price level rises, then the demand for money ________ and the equilibrium nominal interest rate ________
A) increases; rises B) increases; falls C) decreases; rises D) increases; does not change E) decreases; falls
The monopoly that does not practice price discrimination
a. is a firm with a marginal revenue curve with a slope of zero b. is a price taker c. charges the same price for every unit of output it sells d. operates in a market where all firms charge the same price e. is always profitable in the short run