A tax that fell very heavily on the rich and the upper middle class might shift the Lorenz curve from
A. J to K.
B. K to L.
C. L to K.
D. I to J.
C. L to K.
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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________.
A. Rising; A B. Falling; A; C C. Falling; B: C D. Rising; A; C
Stagflation is a situation with high unemployment rates, high inflation rates, and little or no growth in the economy
a. True b. False Indicate whether the statement is true or false
Notes are debt securities which have a maturity period of:
a. 0-5 years. b. 10-15 years. c. 0-1 year. d. 10-20 years. e. 1-10 years.
In economics, resources are also known as
A) minerals. B) factories. C) factors of production. D) human capital.