Explain why all else equal the president is not responsible

Reference no: EM131923064

Problem

In season three of the TV show "The West Wing," the federal government considers redefining the national poverty measure in a way that would classify an additional 4 million people as poor. The president worries that his administration will be criticized for leading the country into greater poverty. Explain whether this change would have reflected a shift in an absolute measure of poverty, a relative measure of poverty, or whether it cannot be known. Finally, explain why all else equal, the president is not responsible for causing greater poverty.

Reference no: EM131923064

Questions Cloud

What is the true weight of the fish : If the elevator has an upward acceleration of 2.45 m/s^2 a and the balance reads 60.0 N what is the true weight of the fish?

What measure of income distribution does statistic tell you : Suppose there is an economy where 80 percent of people. What measure of the income distribution does the first statistic tell you about? What about the second?

Do you think political pressure is actually eliminated : The Board of Governors are elected for a 14-year non-renewable term. The board members' tenure length and inability to be elected a second time is supposed.

Describe the analysis you would undertake when faced : What are some of the actions you would consider to take to try to bring the project back on track?

Explain why all else equal the president is not responsible : In season three of the TV show The West Wing, the federal government. Explain why all else equal, the president is not responsible for causing greater poverty.

Find the location of the center of mass of system : Part A Find the location of the center of mass of this system by setting x=0 at the left end of the beam.

Evaluate the change in the bond price : A $2,700 face value corporate bond with a 6.6 percent coupon (paid semiannually) has 15 years left to maturity. It has had a credit rating of BBB.

Frictionless table and collides with a second : A 2 kg block is moving at v = 7 m/s along a frictionless table and collides with a second 2 kg block that is initially at rest.

What wages are earned by jack and jill : Graph your answer to (A) Labeling all axis, curves and optimal schooling points. If the wage schooling locus is given by w=70,000+6,000*S½.

User Account

All Pages