Arguments that income inequality statistics are incomplete or misleading are made by
A. both those in favor of and those against government intervention to reduce inequality.
B. only those against government intervention to reduce inequality.
C. neither those in favor of nor those against government intervention to reduce inequality.
D. only those in favor of government intervention to reduce inequality.
Answer: A
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In Japan, interest rates are close to zero. As a result, Keynesians would argue that money demand
a. has become much more interest rate elastic. b. will shift upward. c. has become much less interest rate elastic. d. will shift downward. e. will remain unchanged.
A nation should specialize in the good for which it has an absolute advantage
Indicate whether the statement is true or false
Starting from long-run equilibrium, a decrease in autonomous investment results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; higher C. higher; potential D. lower; higher
(Consider This) According to the Council of Economic Advisers:
A. skilled immigrants regularly displace domestic-born workers. B. skilled immigrants pay more in taxes than they receive in services from the government. C. immigration is a net drain on the U.S. economy and should be more tightly restricted. D. children of immigrants frequently lack the skills to perform well academically, particularly in math and science.