The lowest-income fifth of the population ordinarily earns about 20 percent of the income in the United States
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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In the classical model, the aggregate supply curve
A) is not related to the employment rate. B) is horizontal. C) is positively sloped. D) is consistent with the natural rate of unemployment.
Economics
The long-run Phillips curve is ________ than the short-run Phillips curve
A) flatter B) steeper C) more volatile D) less stable
Economics
Immigrants were valued as a vital source of labor and, consequently, they were greeted with open arms after the 1830s
Indicate whether the statement is true or false
Economics
If V in the equation of exchange is constant, an increase in M will necessarily increase
A. P. B. Q. C. Both P and Q. D. P times Q.
Economics