From 1970 to 2012, the Gini coefficient in the United States has
A) steadily increased.
B) remained relatively unchanged.
C) dramatically decreased.
D) more than doubled.
A
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If the MPC in an economy is 0.75, government could shift the aggregate demand curve leftward by $60 billion by
A. reducing government purchases by $60 billion. B. reducing government purchases by $12 billion. C. increasing taxes by $15 billion. D. increasing taxes by $20 billion.
If people expect nominal interest rates to be lower in the future, the expected return to bonds ________, and the demand for money ________
A) increases; increases B) increases; decreases C) decreases; increases D) decreases; decreases
All of the following can create an oligopolistic structure EXCEPT
A) low barriers to entry. B) economies of scale. C) government licensing rules. D) mergers.
The yield percentage of a stock is calculated as
A) the corporation's net worth divided by the number of shareholders. B) the book value of the stock divided by the number of shareholders. C) the stock dividend divided by the price of the stock. D) the expected appreciation of the stock.