According to the table above, ________ percent of total income is redistributed from the highest income group
A) 4.7
B) 2.3
C) 1.5
D) 3.8
A
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In the above figure, if the economy is initially at an equilibrium output at point A and the interest rate is r1, then an open market purchase of bonds by the Fed will
A) not have any impact on short- or long-run equilibrium real Gross Domestic Product (GDP). B) cause interest rates to decline to r2, investment to decline, and aggregate demand to shift inward to the left. C) cause interest rates to increase and output to decline. D) cause interest rates to decline to r2, investment to increase to I2, and the AD curve to shift upward to the right.
If the world price of a good is equal to its no-trade equilibrium price, the country will import more of the good from other nations
a. True b. False Indicate whether the statement is true or false
Give an example of a scenario that combines positive analysis and normative analysis.
What will be an ideal response?
All of the following are true if a bank in Los Angeles borrows federal funds from a bank in San Francisco except
A. The money multiplier increases for the banking system. B. Lending potential goes up for the Los Angeles bank. C. Lending potential for the banking system does not change. D. Lending potential goes down for the San Francisco bank.