Since 1929, the distribution of income in the United States has become:
a. substantially more equal.
b. slightly more equal.
c. slightly more unequal.
d. substantially more unequal.
b
You might also like to view...
Although he is very poor, Al plays the million-dollar lottery every day because he is certain that one day he will win. Al makes this calculation based upon
A) the frequency of past outcomes. B) subjective probability. C) knowledge of all possible outcomes. D) tossing a coin.
If the price elasticity of demand for a good is 3.0, it is clear that the good
a. would be a poor choice to tax if the object is to raise tax revenue b. would be an excellent choice to tax if the object is to raise revenue c. is an essential good d. has a demand curve that is price inelastic at every price level e. is a complementary good
Governments should not be concerned about fiscal policies that sustain a pattern of high budget deficits and high trade deficits.
Select whether the statement is true or false. A. True B. False
A rise in real income will have which of the following effects on money demand?
a. The money demand curve will shift out. b. The money demand curve will not shift at all. c. The money demand curve will shift in. d. Real income has no effect on money demand.