Regarding poverty in U.S. society, it is correct to say that:
a. Poverty affects a relatively small number of Americans.
b. Poverty results from a failure to work hard
c. Most of the poor live in inner cities.
d. None of these statements is true.
d
Economics
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Summarize the characteristics of a perfectly competitive market
What will be an ideal response?
Economics
In the Keynesian aggregate consumption-income graph, the vertical distance between the consumption function and the 45-degree line shows the:
a. amount of savings (or dissavings) at that level of disposable income. b. amount of disposable income at that level of consumption. c. increase in planned business investment at each level of inflation. d. increase in income that causes each change in real GDP.
Economics