Which of the following is not "means-tested"?
a. Temporary Assistance for Needy Families (TANF)
b. welfare programs
c. the Food Stamp program
d. Social Security payments to a retiree
e. free and reduced price school lunches for the poor
D
Economics
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Federal funds rate targets and reserve targets are incompatible when the Federal Reserve wants to
A) expand reserves and lower interest rates. B) expand reserves and raise interest rates. C) contract reserves and the money supply. D) contract reserves and raise interest rates.
Economics
Assume both the marginal cost and the average variable cost curves are U-shaped. At the minimum point on the AVC curve, marginal cost must be:
a. greater than the average variable cost. b. equal to the average variable cost. c. less than the average variable cost. d. at its minimum.
Economics