Category: Economics

Zimbabwe inflation rose from an annual rate of 32% in 1998 to 900% in 2006. Ignoring the many other problems that face the businesses of Zimbabwe, and considering only the effects of this unexpected inflation, which of the following is most harmed by the inflation?

Cohen lists all of the following work-based reforms to ease the relationship between work and family demands EXCEPT:
More fathers staying home with their children.
Reducing work hours per week.
Family supports from employers.
Making work hours more flexible across the week.

What is the classical dichotomy in economics?
The separation of nominal variables from real variables
The difference between short-term and long-term interest rates
The relationship between inflation and unemployment
The distinction between microeconomics and macroeconomics

Consider the IS curve tilde(Y)t=ā-b(Rt-r). Which of the following statements are true?
aR rises above the marginal product of capital r, consumption falls.
cR rises above the marginal product of capital r, investment falls.
dā captures changes in monetary policy

Prior to the Temporary Assistance for Needy Families (TANF) program. ◻ was the federal welfare program.
Aid to Families with Dependent Children (AFDC)
Children’s Health Insurance Program (CHIP)
Supplemental Nutrition Assistance Program (SNAP)
Welfare to Work program (WTWP)