Question

Do all parts please.

No explanation needed.

Part 1:

Most of the reduction in poverty rates since World War II occurred as a result of the

		1996 welfare reforms.
		1940s War On Poverty.
		1960s War On Poverty.
		end of "welfare as we know it."

Part 2

Policies focused on putting people to work by having them construct parks would be considered

		demand-side policies.
		monetary policies.
		supply-side policies.
		demand-side and supply-side policies.

Part 3

A 15-year old that wants a job but can't find one is

		unemployed.
		underemployed.
		not included at all in the unemployment rate.
		cyclically unemployed.

If a woman is pregnant and her boss must decide to give a promotion that entails a move to another city in a time frame that coincides with the expected birth of her child then the boss

		can chose to by-pass her and give the pregnancy as a legally-acceptable reason.
		can chose to by-pass her and give the pregnancy as a legally-acceptable reason, as long as the next promotion goes to her.
		must ignore the pregnancy in making the decision of whom to promote.
		must give her the promotion, regardless of other candidates.

Part 5

A political problem with discretionary fiscal policy is the

		ability of powerful politicians to direct government spending to their favored causes.
		split control of the legislative and judicial branches of government.
		Federal Reserve.
		business cycle.

Part 6

1. A CPI miscalculation that overstates its increase by 0.8 percentage points will cause

   		the poverty line to rise too slowly.
   		the poverty line to rise too quickly.
   		the price of goods to rise.
   		the price of services to rise.

Part 7

In 2014, the ethnic group experiencing the highest poverty rate was

		black, non-Hispanic.
		Hispanic.
		another race.
		white, non-Hispanic.

Part 8

Suppose a plant has 1000 employees, half of whom are from a minority population. Suppose further that, in order to cut costs, a manager must layoff 100 employees. If she chooses only non-minority workers to lay off, because an analysis of productivity data suggests they are, on average, 5% less efficient then she is

		on perfectly sound legal ground.
		using statistical discrimination and it is illegal.
		using statistical discrimination and it is legal.
		using inferential discrimination and it is illegal.

Part 9

1. If a market basket was defined in 2014 and it cost $10,000 to purchase the items in that basket in 2014, while it cost $11,000 to purchase those identical goods in 2015, then the price index  for 2015 is

   		(10000/11000)*100=90.9.
   		100.
   		(11000/10000)*100=110.
   		unknown given this data.

Part 10

1. In the 1970s and 1980s, Walmart entered several markets outside of its home base of Arkansas. As a result, it brought lower prices on a variety of goods. The Bureau of Labor Statistics did not send its shoppers into these new stores until there was a new survey, leading to the CPI

   		overstating inflation because they were missing "when people shop."
   		understating inflation because they were missing "where people shop."
   		understating inflation because they were missing "when people shop."
   		overstating inflation because they were missing "where people shop."

Part 11

1. Fiscal policy is purposeful movements in ________ designed to direct an economy.

   		legal structures
   		government regulations
   		government spending and taxes
   		interest rates

Part 12

1. Suppose there are two good types (Type 1 and Type 2) and suppose the weights for the types are 60% for Type 1 and 40% for Type 2. Suppose the Price Index for Type 1 is 200 and the Price Index for Type 2 is 150. The overall price index is

   		350.
   		140.
   		180.
   		175.

Part 13

1. Which of the following can make the unemployment rate fall?

   		An increase in the number of people who are looking for work.
   		A decrease in the number of people who are looking for work and an increase in the number of people with jobs.
   		A decrease in the number of people who are looking for work.
   		An increase in the number of people with jobs.

Part 14

1. If you were to use an Aggregate Supply - Aggregate Demand diagram to model nondiscretionary and discretionary fiscal policy in reaction to a negative aggregate demand shock, you would see the aggregate demand curve move

   		to the right as a result of the shock.
   		back toward its pre-shock position as a result of these policies.
   		to the left as a result of the shock.
   		to the left, back toward its pre-shock position as a result of these policies.

Part 15

1. In terms of weekly earnings for full-time workers,

   		black workers earn about 77% of what white workers earn.
   		black workers earn about 42% of what white workers earn.
   		black workers earn about 58% of what white workers earn.
   		black workers earn about the same as whites.

DO ASAP. DO EVERYTHING AND I WILL GIVE YOU A GREAT RATING.

Answer 1

Part 1. Ans. 1960s War on Poverty

Part 2. Ans. demand-side and supply-side policies

Part 3. Ans. Unemployed

Part 4. Ans. can chose to by-pass and give the pregnancy as a legally-acceptable reason, as long as the next promotion goes to her.

Part 5. Ans. ability of powerful politicians to direct government spending to their favored causes.

Part 6. Ans. the price of goods to rise.

Part 7. Ans. Hispanic

Part 8. Ans. On perfectly sound legal ground

Part 9. Ans. (11000/10000)*100 = 110

Part 10. Ans. understating inflation because they were missing "when people shop."

Part 11. Ans. government spending and taxes

Part 12. Ans. 180

Part 13. Ans. A decrease in the number of people who are looking for work and an increase in the number of people with jobs.

Part 14. Ans. to the left as a result of the shock

Part 15. Ans. black workers earn about 42% of white worker