The U.S. income-maintenance program consists of two kinds of programs. They are:
A. the minimum wage law and Social Security.
B. antidiscrimination law and education and training programs.
C. social insurance and public assistance, or "welfare."
D. progressive income taxes and transfer payments.
Answer: C
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Some economists believe that one factor that caused the financial crisis of 2007-2009 was top managers of large financial services firms making riskier investments than were in the best interests of the firms' shareholders
Indicate whether the statement is true or false
If a reduction in stock prices reduces the real wealth of Americans, the
a. aggregate demand curve will shift to the left. b. long-run aggregate supply will shift to the left. c. general price level will increase. d. aggregate demand curve will shift to the right.