The Lorenz curve shows
A) the demand for jobs.
B) the supply of jobs.
C) the elasticity of jobs.
D) the distribution of income.
Answer: D
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Anti-inflationary policy is less costly when that policy is anticipated in ________
A) traditional Keynesian theory B) new Keynesian theory C) real business cycle theory D) institutionalist theory
Which of the following is NOT an example of a negative externality?
A) inoculation against disease B) pollution C) playing a boom box loudly in a crowded park D) rush hour traffic
Which of the three product has a unitary elastic demand curve?
a. Cigarettes b. Alcohol c. Sodas d. None of the above
List three changes that lead to a shift of the aggregate supply curve. Discuss why each change shifts the aggregate supply curve and in which direction the curve shifts
What will be an ideal response?