For real-world economies, the Gini coefficient lies between
a. 1 and 10
b. 0 and 100
c. 0 and 1
d. –1 and +1
e. 0 and infinity
C
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If the dollar appreciates, American consumers will buy more foreign goods and services.
Answer the following statement true (T) or false (F)
The elasticity of demand for a project is -1.5. This means that a 30 percent increase in the quantity of the good is caused by a
A. 20 percent increase in the price of the good. B. 2 percent increase in the price of the good. C. 20 percent decrease in the price of the good. D. 15 percent decrease in the price of the good.
Anticipated inflation is associated with cost increases which are fully expected
Indicate whether the statement is true or false
According to the quantity theory of money, money growth and inflation are
A) positively correlated. B) negatively correlated. C) independent, that is, not correlated. D) positively correlated if the inflation rate is positive and negatively correlated if the inflation rate is negative.