An increase in the number of consumers
A) results only in a movement along the demand curve.
B) shifts the supply curve leftward.
C) shifts the demand curve rightward.
D) Both answers B and C are correct.
C
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When money is used to express the value of goods and services, it is functioning as a
A) medium of exchange. B) store of value. C) store of purchasing power. D) unit of account.
Most economists believe that only a small gap between the wages of white males and the wages of other groups is due to education. Most of the gap is explained by discrimination
Indicate whether the statement is true or false
Inflation was a major problem in the United States during the early years of the Great Depression
a. True b. False Indicate whether the statement is true or false
As the ________ becomes larger, the distance between the line of absolute equality and the ________ becomes greater.
A. Gini coefficient; Lorenz curve B. Gini coefficient; production possibilities curve C. Income distribution size; Lorenz curve D. Lorenz curve; Gini curve