Union membership has increased continuously in the United States since the 1950s

If real GDP is less than potential GDP, then the economy is ________ equilibrium

A) at an above-full-employment B) not in short-run macroeconomic C) at a below-full-employment D) in long-run macroeconomic

Originally, the threshold income level used to determine official poverty statistics was based on

A) a per capita income of $3000 in 1955 prices. B) the lowest income of the second quartile of families in the country. C) an income three times greater than necessary to purchase a nutritionally adequate diet. D) figures developed by a committee in the American Economic Association.