Supply tends to be more elastic in the long run than in the short run

The expansionary monetary and fiscal policies of the 1960s resulted in ________ inflation rates and ________ rates of unemployment

A) high; high B) low; high C) high; low D) low; low

What percent of families are poor for eight or more years?

a. more than 20 percent b. between 15 and 20 percent c. approximately 10 percent d. less than 3 percent