In the United States the richest 20 percent of households receive about ________ of total income
A) 10 percent
B) 20 percent
C) 50 percent
D) 80 percent
C
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Based on the figure below. Starting from long-run equilibrium at point C, a tax cut that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies. 
A. D; C B. B; C C. B; A D. D; B
If a person without a job is not actively looking for work, that person is classified as not being in the labor force
Indicate whether the statement is true or false
In general, people are willing to pay more than the expected value of insurance because:
A. they are risk-averse. B. most people would have trouble finding enough money to cover their losses. C. it allows them to afford major expenses from catastrophes without going bankrupt. D. All of these statements are true.
Ben's nominal annual income in 2009 was $40,000. If the rate of inflation is constant at 10 percent, in order to keep Ben's real income constant, his nominal income in the year 2010 should be:
A. $50,000. B. $44,000. C. $40,000. D. $36,000.