What is educational inequality and how is it measured? Why is it important to measure the degree of educational inequality in a country? Explain your answer
What will be an ideal response?
Measures how the quantity of education is distributed amongst the population ages 15 and above. It can be measured by the Lorenz curve and the Gini coefficient, much like the distribution of income.
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In practice, the Fed's policy of targeting ________ in the 1960s proved to be ________, destabilizing the economy
A) money market conditions; countercyclical B) money market conditions; procyclical C) monetary aggregates; countercyclical D) monetary aggregates; procyclical
Suppose that the percentage change in demand is 20%, the price elasticity of demand is 3, and the price elasticity of supply is 2. What is the percentage change in the equilibrium price?
A. 4% B. 5% C. 15% D. 20%
Which of the following is an example of spending on goods and services in the circular flow model?
A) Belinda purchases a new computer for her tax-preparation business. B) Javier buys 800 square feet of wood flooring for his vacation home. C) Celeste buys fresh herbs at the farmers' market to use in her restaurant. D) Timmy purchases a new examination table for use in his veterinary clinic.
Fiscal policy is more effective when the exchange rate is flexible and the economy is open.
Answer the following statement true (T) or false (F)