Since 1935, the proportion of income received by the top 5 percent of Americans has:
a. increased substantially.
b. increased minimally
c. decreased minimally.
d. decreased substantially.
c
You might also like to view...
What happens if the price of a product is below the equilibrium price?
A) There will be a surplus of the product. B) There will be an excess demand for the product. C) The buyers will stop purchasing a "cheap" product. D) The producer will lower the price to sell more product.
The securitization of mortgages was first carried out by
A) Fannie Mae and Freddie Mac. B) WorldCom and Enron. C) the Federal Deposit Insurance Corporation (FDIC). D) Sarbanes-Oxley.
Given the following figures, by approximately what percentage did Michael's real income increase between 2008 and 2009? Michael's 2008 money income = $60,000 Michael's 2009 money income = $72,000 2008 CPI = 120.0 2009 CPI = 128.0
a. zero b. 6.7 percent c. 12.5 percent d. 20 percent
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4Refer to Figure 2.4. The economy moves from Point A to Point D. This could be explained by
A. an increase in economic growth. B. a change in society's preferences for motorcycles versus hybrid cars. C. a reduction in unemployment. D. an improvement in technology.