When an economy is in long run equilibrium,
a. it will be impossible to sustain the current rate of output in the future.
b. the interest rate will decline.
c. the foreign exchange value of the dollar will tend to appreciate.
d. the actual and natural rates of unemployment will be equal.
D
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Regular and organic vegetables are substitutes. A rise in the price of organic vegetables, other things constant, would tend to
A) reduce the demand for regular vegetables. B) increase the demand for regular vegetables. C) have no effect on the demand for regular vegetables. D) have no effect on the quantity demanded of organic vegetables.
Of the approximate total population of 300 million people in America, about how many have incomes below the official poverty level?
A) approximately 13 million B) approximately 46 million C) approximately 73 million D) approximately 104 million