In Omega the lowest 40 percent of families receive approximately what percentage of income? (See Figure 33.1)
A. 17 percent.
B. 40 percent.
C. 10 percent.
D. 20 percent.
Answer: C
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During the 1990s, Japan experienced periods of deflation and very low nominal interest rates, approaching zero percent. Why would lenders of money agree to a nominal interest rate of almost zero?
What will be an ideal response?
According to the quantity theory of money and prices, a 2 percent increase in the money supply ultimately leads to
A) a 2 percent increase in real GDP. B) a 2 percent increase in wages. C) a 2 percent increase in the price level. D) a 2 percent increase in velocity.
All of the following will shift the labor supply curve except
A) an increase in labor force participation rate among women. B) a change in a country's immigration policy. C) an increase in the average age of retirement. D) an increase in the wage rate.
Suppose the required reserve ratio is 0.2 and the Fed buys $100,000 in government securities from Big Bank. The commercial banking system creates _____ as a result of this initial injection by the Fed
a. $1,000,000 b. $500,000 c. $100,000 d. $80,000 e. $200,000