According to the table above, the money income distribution is ________ unequal than the market income distribution because ________ income reflects income redistribution through taxes and benefits
A) less; money
B) less; market
C) more; money
D) more; market
A
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Answer the next question based on the following consolidated balance sheet for the commercial banking system.AssetsLiabilities + Net WorthReserves$50,000Checkable deposits$120,000Loans75,000Stock shares130,000Securities25,000 Property100,000 If the reserve requirement is 10%, and the above data is the balance sheet for the entire banking sector, then the maximum amount by which the commercial banking system can expand the supply of money by lending is
A. $120,000. B. $380,000. C. $700,000. D. $440,000.
A movement along a supply curve is induced by a change in
A) input prices. B) taxes and subsidies. C) price expectations. D) the product's own price.
If an increase in the government-imposed minimum wage pushes the price (wage) of unskilled labor above market equilibrium, which of the following will most likely occur in the unskilled labor market?
A. An increase in quantity of unskilled labor demanded. B. A decrease in the quantity of unskilled labor supplied. C. A shortage of unskilled labor. D. A surplus of unskilled labor (unemployment).
Depreciation is subtracted from GNP to determine:
A. net income. B. net national product (NNP). C. net GDP. D. net imbalance on exports.