Anti-Poverty Programs

question 182

Multiple Choice

Anti-poverty programs

• A)encourage saving among recipient groups.
• B)impose a very low marginal tax rate on income.
• C)are only made available to those with no other source of income.
• D)may discourage the poor from escaping poverty on their own.

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Definitions:

Recovery Phase

A stage of the economic cycle where activity starts increasing again after a downturn, leading to higher employment and output levels.

Business Cycle

The progression of economic activity through expansion, peak, contraction, and trough phases.

Business Cycle

The natural fluctuation of the economy between periods of expansion (growth) and contraction (recession).

Market Basket

A collection of goods and services used to track inflation, consumer spending, or the cost of living in a specific area.