The Federal Reserve increases the interest rate at which it lends to other banks. The resulting economic change will be represented by a(n):
a. upward movement along the short-run Phillips curve.
b. downward movement along the short-run Phillips curve.
c. rightward shift of the short-run Phillips curve
d. leftward shift of the short-run Phillips curve.
b
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Which of the following is not a correct statement about the distribution of income and wealth in the United? States?
A. If pension plans are added to measures of wealth comma it is clear that the majority of households have middle levels of wealth. B. The United States is not close to perfect income equality comma as measured by the Lorenz cuve. C. The share of money income received by the lowest quintile has increased significantly since World War II. D. The share of total income received by the lowest quintile has not changed significantly since World War II. E. All of the above answers are incorrect.
A professionally managed portfolio of assets intended to provide income to retirees is called:
A. investing by proxy. B. a stock. C. a mutual fund. D. a derivative.
Brian’s Innovative Agriculture pays rent to the Tilfords to grow crops in their fields. This is an example of a ______ market.
a. factor b. labor c. product d. stock
Those that lose from the imposition of rent control are
A. tenants who pay lower rent. B. those tenants who maintain their apartments. C. all tenants. D. landlords.