The concept of poverty is culturally determined, and hence people are defined as “poor” in relation to others.

Answer the following statement true (T) or false (F)

True

Economics

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An economy with an expansionary gap will, in the absence of stabilization policy, eventually experience a(n) ________ in the inflation rate, leading to a(n) ________ in output.

A. decrease; increase B. increase; increase C. decrease; decrease D. increase; decrease

Economics

The underclass in the United States has expanded over the last several decades as a fraction of the overall population partly because:

A. there has been a substantial amount of well-educated immigrants from Southeast Asia. B. there has been a substantial amount of illegal immigration. C. there has been a substantial movement of Black people into the middle class. D. there are more people in the United States.

Economics