Measures which aim at eliminating the income disparity between the rich and the poor affect incentives to work, innovate, take risks, acquire education, and so on
a. True
b. False
Indicate whether the statement is true or false
True
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The short-run Phillips curve is
A) U-shaped. B) vertical at the natural unemployment rate. C) upward sloping. D) downward sloping. E) horizontal at the expected inflation rate.
Which function of money allows for comparison shopping?
A) medium of exchange B) unit of accounting C) store of value D) standard of deferred payment
Requiring new 16-year-old teenage male drivers to pay more for auto insurance than their 16-year-old female counterparts is an example of
A. adverse impact discrimination. B. comprehensive discrimination. C. statistical discrimination. D. disparate treatment discrimination.
Refer to Figure 24-1. Ceteris paribus, a decrease in households' expectations of their future income would be represented by a movement from
A) AD1 to AD2. B) AD2 to AD1. C) point A to point B. D) point B to point A.