Refer to the information provided in Figure 28.7 below to answer the question(s) that follow.
Figure 28.7Refer to Figure 28.7. If the economy is on SRPC3, then the expected inflation rate is
A. 4%.
B. 5%.
C. 6%.
D. none of the above.
Answer: A
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According to the table above, ________ percent of total income is redistributed from the highest income group
A) 4.7 B) 2.3 C) 1.5 D) 3.8
A relatively high wage is predicted to be enjoyed by workers where the
A. population is large relative to industrial activity. B. jobs are disagreeable or dangerous. C. jobs are pleasant and satisfying. D. demand is weak and supply is high.
If the slope of a demand curve is constant, then so is the elasticity on that demand curve.
Answer the following statement true (T) or false (F)
A nation's capital stock was valued at $300 billion at the start of the year and $350 billion at the end. Consumption of private fixed capital in the year was $25 billion. Assuming stable prices, gross investment was:
A. $25 billion B. $50 billion C. $75 billion D. $90 billion