The Twentieth Century Fund Task Force Concluded That

question 25

Multiple Choice

The Twentieth Century Fund Task Force concluded that:

• A) Most youth crime is violent crime.
• B) Most youth who commit crime as juveniles become career criminals
• C) Most young people violate the law at some point during adolescence.
• D) All of the above are correct.
• E) None of the above are correct.

---

Definitions:

Potential Output

The highest level of real gross domestic product (GDP) that can be sustained over the long term without increasing inflation.

Price Level

An indicator reflecting the average prices of goods and services in an economy at a given time, showcasing the cost of living and inflation.

Firms' Expectations

The outlook or anticipations of businesses regarding future economic conditions, sales, and profitability, which can influence their investment and production decisions.

Nominal Wage Rates

The amounts of money paid to workers before adjustments for inflation.