Because deadlines are frequently missed, budgets typically run from year to year based on _____.

Because deadlines are frequently missed, budgets typically run from year to year based on _____.
 a. continuing resolutions
 b. budget resolutions
 c. congressional suggestions
 d. the suggestions of the President
 e. the suggestions of the President's Council of Economic Advisers

QUESTION 2

In a Lorenz curve diagram, the 45 line represents:
 a. perfect income equality.
  b. zero inflation.
  c. a negative income tax.
  d. an extremely unequal distribution of income.

QUESTION 3

Which of the following people would be counted as employed?
 a. A retired naval officer
 b. A high school student
 c. A stay-at-home father
 d. A teenager who has given up looking for work after a year of trying
  e. A ski instructor who is working during the summer

QUESTION 4

When a budget is not approved in time, _____.
 a. agencies operate on the basis of continuing resolutions
 b. agencies operate on the basis of a budget resolution developed by budget committees
  c. agencies tend to shuts down
 d. the President can force Congress to act
 e. agencies borrow from the Federal Reserve

QUESTION 5

In an economy, U = the number of adults who are unemployed, E = the number of adults who are employed, and NLF = the number of adults not in the labor force. The unemployment rate of the economy is equal to:
 a. U/(E + NLF).
 b. U/E.
 c. U/(U + E).
 d. U/(E + NLF).
 e. U/(U + E  NLF).

QUESTION 6

After 1929 in the United States, as measured by the Lorenz curve, income inequality:
 a. increased sharply.
  b. remain unchanged.
  c. declined.
  d. increased.