Based on the table showing income inequality in the United States, what happened to the lowest fifth’s share of income between 1935 and 2017?
a. The percentage of income steadily dropped over time.
b. The percentage of income steadily increased over time.
c. The percentage of income dropped but then grew to higher than ever.
d. The percentage of income grew but then dropped to lower than ever.
d. The percentage of income grew but then dropped to lower than ever.
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Which of the following statements about economic fluctuations istrue ?
A. A variety of spending, income, and output measures can be used to measure economic fluctuations because most macroeconomic quantities tend to fluctuate together. B. Economic fluctuations have been termed the "business cycle" because the movements in output are regular and predictable. C. A depression is a mild recession. D. A recession is when output rises above the natural rate of output. E. None of these answers are true.
How could the Federal Reserve encourage banks to lend out more of their reserves?
(A) By raising the required amount of reserves. (B) By reducing the money supply. (C) By reducing the discount rate. (D) By increasing the prime rate.
An economy in which output has decreased and prices have decreased would suggest a:
A. decrease in short-run aggregate supply. B. increase in aggregate demand. C. increase in short-run aggregate supply. D. decrease in aggregate demand.
Checking deposits are also known as demand deposits.
Answer the following statement true (T) or false (F)