After 1929 in the United States, as measured by the Lorenz curve, income inequality:
a. increased sharply.
b. remain unchanged.
c. declined.
d. increased.
c
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If the Fed makes a discount loan of $2 million to a commercial bank, the Fed's balance sheet will show
A) an increase in discount loans of $2 million and an increase in bank reserves of $2 million. B) an increase in discount loans of $2 million and a decrease in bank reserves of $2 million. C) a decrease in discount loans of $2 million and an increase in bank reserves of $2 million. D) a decrease in discount loans of $2 million and a decrease in bank reserves of $2 million.
. It is possible to, in effect, buy insurance against the proposed adverse effect of currency fluctuations by buying currencies ______.
a. for immediate use b. in U.S. dollars c. on the spot market d. in the futures market
Identify the correct statement.
A. If a country is likely to be buffeted mainly by internal shocks, the country should choose a fixed exchange rate. B. The effects of shocks under floating exchange rates depend on whether interventions are sterilized. C. International trade shocks can be countered by adopting a fixed exchange rate that helps to improve the price competitiveness of the country's products. D. International capital-flow shocks are likely to be less disruptive under fixed exchange rates.
Arbitrage occurs when investors try to profit from situations where:
A. stock rates of return exceed bond rates of return. B. bond rates of return exceed stock rates of return. C. two identical assets have different rates of return. D. returns on financial assets exceed returns on real assets.