Explain what the poverty line is and its purpose
What will be an ideal response?
The poverty line is the officially established income level that distinguishes the poor from the non-poor. It is set at three times the cost of the Department of Agriculture's minimum food budget.
Economics
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If disposable income increases, people will decide to ________ saving, the supply of loanable funds will ________ and the real interest rate will ________
A) increase; decrease; rise B) decrease; decrease; rise C) increase; increase; fall D) decrease; increase; fall
Economics
Holding $10 in your pocket to purchase a piping hot pizza illustrates the
A) speculative demand for money. B) transfer demand for money. C) precautionary demand for money. D) transactions demand for money.
Economics