The graph which represents the distribution of income in an economy is called the
A) Laffer curve.
B) Lorenz curve.
C) distribution curve.
D) aggregate demand curve.
B
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Referring to Figure 19.1, the dollar is likely to appreciate if the exchange rate is either ________ or ________ pesos to the dollar
A) 10; 11 B) 11; 12 C) 12; 13 D) 13; 14
The rate at which Sam is willing to give up a gallon of gasoline to get one more pound of coffee, and remain on the same indifference curve is called his
A) opportunity cost of coffee. B) opportunity cost of gasoline. C) personal price of coffee. D) marginal rate of substitution.
In the United States, ________ percent of all firms are sole proprietorships
A) 4 B) 14 C) 72 D) 82
Which component of aggregate demand is involved in the interest rate effect caused by a price level change?
a. government purchases b. investment spending c. consumer spending d. net exports