The term "growing income inequality" implies that the:
A. poor are getting poorer in both a relative and an absolute sense.
B. Lorenz curve is shifting toward the diagonal.
C. diagonal is shifting toward the Lorenz curve.
D. upper quintiles of income receivers are getting relatively more of the total income than
Answer: D
You might also like to view...
The long-run aggregate supply curve is ________, while the long-run Phillips curve is ________
A) vertical; also vertical B) positively sloped; negatively sloped C) positively sloped; positively sloped D) vertical; negatively sloped
Buyers and sellers who are geographically close to each other are part of a national market.
Answer the following statement true (T) or false (F)
Answer the following questions true (T) or false (F)
1. In reality, the Fed is unable to use monetary policy to keep real GDP exactly at its potential level. 2. The Fed can use contractionary monetary policy in an attempt to keep inflation from increasing. 3. The Fed can use expansionary monetary policy to lower interest rates to stimulate aggregate demand.
If an aid program is mandated at the federal level, all states must abide by federal law and pay the same amount of benefits.
Answer the following statement true (T) or false (F)