The Personal Responsibility and Work Opportunity Act of 1996 Established

question 126

Multiple Choice

The Personal Responsibility and Work Opportunity Act of 1996 established time limits for welfare dependence and caused aggregate:

• A) Demand to shift to the right.
• B) Demand to shift to the left.
• C) Supply to shift to the right.
• D) Supply to shift to the left.

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Definitions:

Preferred Stock

A class of ownership in a corporation with a higher claim on assets and earnings than common stock, often with fixed dividends.

Common Stock

A form of equity stake that signifies ownership within a corporation, granting the owner the right to vote and a portion of the corporation's earnings via dividends.

Cash Dividends

Distributions of a portion of a company's earnings, decided by the board of directors, to a class of its shareholders in the form of cash.

Stock Dividend

A type of dividend payment made in the form of additional shares of stock rather than cash, often used by companies to conserve cash.