Which of the following are not counted as household income in determining whether or not a household is below the official poverty line?
a. In-kind transfers such as food stamps, Medicaid, and housing subsidies
b. Cash transfer payments made when a worker becomes unemployed
c. Cash transfer payments such as from social security
d. Medicare payments
a
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Suppose the government wants to maintain a balanced budget. To achieve this goal, when the economy falls into recession government would need to ________ taxes, which would cause aggregate demand to ________
A) increase; decrease B) decrease; increase C) decrease; decrease D) increase; increase
Which of the following will result in an outward shift of the production possibilities curve [PPC]?
a. A decrease in the quantity of resources b. An improvement in the quality of resources c. A fall in education standards d. An unsustainable growth in population e. An increase in unemployment rate