Census data on the income distribution among families in the United States in recent years show
a. a rising share earned by the top fifth and a declining share earned by the bottom fifth
b. a rising share earned by the bottom fifth and a declining share earned by the top fifth
c. both the share earned by the top fifth and the share earned by the bottom fifth rising
d. both the share earned by the top fifth and the share earned by the bottom fifth falling
e. falling total income in the top fifth
A
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In February, 2010 the U.S. M1 money multiplier crashed to 0.786. Each $1 increase in the monetary base resulted in the quantity of money increasing by only $0.79. Where did the remaining $0.21 disappear?
A) Banks held part of the $0.21 as excess reserves. B) Banks loaned out the $0.21. C) Consumers held part of the $0.21 as currency. D) Both A and C are correct.
The concept of improving work methods in the home is known as:
a. Satisficing b. Optimization c. Work Simplification d. Re-inventing
The marginal revenue curve of a monopolist is
A) downward sloping and below the demand curve. B) downsloping and identical to the demand curve. C) downsloping and above the demand curve. D) horizontal and same as the market demand curve.
The health care market in the United States is characterized by
A. third-party payment of health care costs. B. asymmetric information between providers and consumers. C. considerable government involvement. D. all of these