According to the Census Bureau Data, Which Group Is Most

question 15

Multiple Choice

According to the Census Bureau data, which group is most likely to be married?

• A)Hispanics
• B)Whites
• C)Blacks
• D)Asians
• E)Hispanics and Whites are about equally likely to be married

---

Definitions:

Short-run

A period in which at least one input is fixed while others can be varied to change the level of output.

Wage Rates

The standard amount of compensation a worker receives for labor, typically expressed per hour, day, or piece.

Sticky Downward

Describes prices or wages that are resistant to decrease even in conditions where economic theory suggests they should fall, contributing to slow adjustments in markets.

Long-run Aggregate Supply

Long-run aggregate supply represents the total output of goods and services that an economy can produce when it is operating at full capacity, unaffected by the price level in the long term.