Have redistribution programs decreased poverty since 1968? Discuss the role of program administrators and their bureaus in explaining your answer
What will be an ideal response?
Redistribution programs have not decreased poverty. Since 1968 the poverty rate has been fairly constant at 13 percent of the population. While it is not clear the net effect of the administrators of poverty programs on the poverty rate, it is evident that program administrators have an incentive to perpetuate recorded poverty as it ensures the maintenance of their livelihood. Whether this, on net, has led to higher or lower poverty is unclear.
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The supply of loanable funds schedule shows that the
A) higher the real interest rate, the more the supply of loanable funds curve shifts rightward. B) higher the real interest rate, the greater the quantity of loanable funds supplied. C) higher the real interest rate, the greater the opportunity cost of supplying loanable funds. D) higher the real interest rate, the lower the profit from making new investment. E) lower the real interest rate, the greater the quantity of loanable funds supplied.
When potential GDP increases, long-run aggregate supply also increases
Indicate whether the statement is true or false