Since 1960, in the United States the labor force participation rate for men has ________ and for women has ________

What is the main argument which explains why an increased public deficit financed tax cut may not result in increased consumption?

A) People will increase savings to "finance" debt repayment by future generations. B) People will increase consumption to "finance" debt repayment by future generations. C) Savings is determined by uncertain events, the timing of future illnesses and death. D) Savings is determined by certain events, the timing of future illnesses and death.

Stagflation refers to a situation in which the economy is experiencing:

A. high economic growth and high inflation. B. low economic growth and low inflation. C. high economic growth and low inflation. D. low economic growth and high inflation.