Which of the following is true for the period between 1860 and 1910?
(a) The number of people in the labor force increased at a faster pace than the total population.
(b) The workday lengthened.
(c) Real national income decreased.
(d) All of the above.
(a)
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A recession is a period of time in which the total output of the economy falls.
Answer the following statement true (T) or false (F)
A bond will pay $10,000 to its owner in 5 years. If the relevant annual interest rate is 5%, what is the bond worth today (rounded to the nearest 100)?
A. $9,500 B. $7,800 C. $6,600 D. $1,900 E. None of the above.
Over the past decade, the incomes of the top 1 percent have increased while the incomes of the middle class declined. These changes mean that the Lorenz curve moved ________ the 45 degree line and the Gini ratio has ________
A) closer to; decreased B) closer to; increased C) further away from; decreased D) further away from; increased
The Clean Air Interstate Rule (CAIR)
a. established three trading programs, one for SO2 and two for NOX b. was enacted under the Obama Administration c. set emissions limits without any accompanying trading program d. all of the above e. none of the above