The falls in the residential housing and stock markets in 2007 and 2008 resulted in a paper loss of about ___________ dollars.
A. $13 Billion
B. $13 Trillion
C. $7 Trillion
D. $400 Billion
B. $13 Trillion
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Since the 1980s the proportion of income received by the top 5 percent of Americans has ____, and the measured income of Americans in the lowest fifth has ____
a. risen; risen b. risen; fallen c. fallen; risen d. fallen; fallen
When supply rises and demand remains the same, equilibrium price ______ and equilibrium quantity ________.
Fill in the blank(s) with the appropriate word(s).
In the table above, the official U-3 unemployment rate is
A) 50 percent. B) 15 percent. C) 10 percent. D) 5 percent.
In the table above, the market is in equilibrium. Then a minimum wage is set at $11 per hour. The number of unemployed workers will be
A) 0. B) 2 million. C) 4 million. D) 6 million.