The Gini ratio of income inequality ranges between:
A. 0 and 10,000.
B. 1 and 10.
C. 1 and +1.
D. 0 and 1.
Answer: D
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Online companies gather personal information about the customers who shop on their Web sites and some of those companies will use the data to estimate price elasticities of the customers
Doing this is a way that these companies might be able to charge a higher price for a product to those customers who have a ________ price elasticity of demand. A) low B) high C) negative D) unitary
The aggregate demand and aggregate supply graph has
a. the price level on the horizontal axis. The price level can be measured by the GDP deflator. b. the price level on the horizontal axis. The price level can be measured by real GDP. c. the price level on the vertical axis. The price level can be measured by the GDP deflator. d. the price level on the vertical axis. The price level can be measured by GDP.
Figure 33-8
?
In Figure 33-8, the aggregate supply curve is shifting inward as we move from
A. A to C. B. C to E. C. A to B. D. D to C.
Economic growth is demonstrated by the LRAS as it
A. becomes more vertical. B. becomes more horizontal. C. shifts to the left. D. shifts to the right.