The ________ households faired very well during the period after 1995 in their wealth shares.
A. bottom half
B. upper-middle class
C. top 1 percent
D. top 90-99 percent
Answer: D
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By increasing the interest rate on bank reserves deposited at the Fed, the Fed can ______ the level of excess reserves banks are willing to hold, thereby _____ bank lending.
Fill in the blank(s) with the appropriate word(s).
An increase in supply will cause the equilibrium price to ________ and the equilibrium quantity to ________
A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease
A country’s trade surplus is the excess of its exports over its imports.
Answer the following statement true (T) or false (F)
Figure 4.3 illustrates the demand for tacos. Assume that tacos and burritos are substitutes. A decrease in the price of burritos would bring about a movement from
A) point a to point c. B) point c to point b. C) D2 to D0. D) D1 to D2.