In the United States between 2000 and 2015, the Gini coefficient
A. Increased, indicating less income inequality.
B. Decreased, indicating less income inequality.
C. Decreased, indicating greater income inequality.
D. Increased, indicating greater income inequality.
Answer: D
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The economy pictured in the figure has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________.
A. recessionary; A B. recessionary; C C. recessionary; B D. expansionary; A
An increase in professors' salaries increases the supply of college education
a. True b. False
The supply chain has change very little over the past 50 years
Indicate whether the statement is true or false
Which of the following is a distinguishing feature of a command system?
A. Private ownership of all capital. B. Central planning. C. Heavy reliance on markets. D. Widespread dispersion of economic power.