Studies by the U.S. Census Bureau have shown that
A) there is significant income mobility in the U.S. over time.
B) families remain below the poverty line for an average of five years.
C) income mobility in the U.S. is minimal.
D) over half the people below the poverty line never move out of poverty.
A
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A contractionary monetary policy causes
A) higher interest rates, which increases the foreign demand for U.S. financial instruments, which causes interest rates to decrease. There is no effect on net exports. B) higher interest rates, which decreases the foreign demand for U.S. financial instruments, raising the international price of the dollar and increasing net exports. C) higher interest rates, which increases the international price of the dollar and decreases net exports. D) lower interest rates, which decreases the foreign demand for U.S. financial instruments, raising the international price of the dollar and increasing net exports.
Which of the following was one of the main rules in the 1990 "Budget Enforcement Act"?
A) flat tax rate B) PAYGO rule C) indexation of income tax brackets D) consumption tax E) none of the above