What is the poverty threshold?
(A) The percentage of people who live in poverty.
(B) The income needed to live in an inner city or rural area.
(C) The income of the lowest 20 percent of families.
(D) The income level below that which is needed to support a family.
Ans: (D) The income level below that which is needed to support a family.
Economics
You might also like to view...
Which economists believe that fiscal policy is effective, while monetary policy may be ineffective?
a) Monetarists b) Keynesians c) Classical economists d) Fisherites
Economics
To achieve long-run equilibrium in an economy with a recessionary gap, without the use of stabilization policy, the inflation rate must:
A. not change. B. increase. C. decrease. D. either increase or decrease depending on the relative shifts of AD and AS.
Economics