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Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559Macroeconomics 11th Edition by Stephen Slavin
Edition 11ISBN: 978-0077641559 Exercise 7
Circle the letter that corresponds to the best answer. Which statement is true?
A) The permanent underclass is basically an economic asset because it is a cheap source of labor.
B) The permanent underclass has slowed our rate of economic growth.
C) About 2 percent of all Americans are members of the permanent underclass.
D) Because the United States is a socially mobile society, there is no such thing as a permanent underclass.
A) The permanent underclass is basically an economic asset because it is a cheap source of labor.
B) The permanent underclass has slowed our rate of economic growth.
C) About 2 percent of all Americans are members of the permanent underclass.
D) Because the United States is a socially mobile society, there is no such thing as a permanent underclass.
Explanation
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Productivity is a measure of the efficie...
Macroeconomics 11th Edition by Stephen Slavin
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