Refer to the table below. Relative to their starting position, people in the fourth-fifth of the income distribution have seen the greatest decrease in their share of income.
A. True
B. False
C. Uncertain
B. False
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The legality of which of the following actions would be determined using the rule -of-reason?
A) an agreement with a competitor firm submit a high bid on a contract B) an agreement with a competitor firm to not sell to a particular customer C) an exclusive dealings contract with a customer D) an agreement with a competitor firm submit a low bid on a contract
Real business cycle theory would emphasize the ability of a beneficial supply shock to shift the __________ curve rightward and __________ Real GDP
A) AD; lower B) AD; raise C) LRAS; lower D) LRAS; raise
The practice of increasing a nominal quantity each period by an amount equal to the percentage increase in a specified price index is called:
A. the Fisher effect. B. deflating. C. indexing. D. a substitution bias.
Which of the following is NOT considered an ingredient to an economic model?
A) Assumptions B) Logic C) Hypotheses D) Experience