If income is equally distributed, the Gini ratio is 1
Indicate whether the statement is true or false
FALSE
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Which of the following is NOT a part of aggregate expenditure?
A) exports B) investment C) imports D) government expenditure E) taxes
Assuming price elasticity of demand is reported as an absolute value, a price elasticity of demand less than one indicates demand for the good is:
A. elastic. B. inelastic. C. unitary elastic. D. unrelated to price.
Which following segment(s) of the aggregate supply curve represents the Phillips curve trade-offs?
a. horizontal segment b. horizontal and the intermediate segments c. intermediate segment d. intermediate and the vertical segments e. vertical segment
High benefit payments to unemployed workers will tend to increase the rate of unemployment
a. true b. false