The Gini coefficient is 0.27 for Japan and 0.45 for the U.S. This means that Japan
a. is not growing as fast as the U.S.
b. is growing faster than the U.S.
c. has a smaller population income ratio than the U.S.
d. has a larger population income ratio than the U.S.
e. has a more equal distribution of income than the U.S.
E
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Starting from long-run equilibrium, a large decrease in government purchases will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. expansionary; lower; potential B. expansionary; higher; potential C. recessionary; lower; potential D. recessionary; lower; lower
Moving along the aggregate production function shows the relationship between ________, holding all else constant
A) capital input and real GDP B) labor input and real GDP C) labor input, capital input and real GDP D) technology and real GDP
"Creating a free market for carbon-dioxide emission permits would only encourage firms to pollute more." Do you agree or disagree? Why?
What will be an ideal response?
The monopolist's input demand curve is equal to its
A) variable cost curve. B) marginal cost curve. C) average cost curve. D) marginal revenue product curve.