Refer to the Article Summary. The article discusses wealth inequality, and for some people this means a more equitable distribution of wealth is needed in the economy. What is meant by a more equitable distribution of wealth?
A) a more allocatively efficient distribution of wealth
B) a more productively efficient distribution of wealth
C) wealth distributed based on income levels
D) a more fair distribution of wealth
D
You might also like to view...
In the simple Keynesian model, an increase in aggregate demand leads to an increase in
A) Real GDP and the price level at all levels of Real GDP. B) the price level and no change in Real GDP for levels of Real GDP below Natural Real GDP. C) the price level and a decrease in Real GDP at all levels of GDP. D) Real GDP and no change in the price level for levels of Real GDP below Natural Real GDP.
The more nearly horizontal the aggregate supply curve, the
A) greater the change in Real GDP for a given change in autonomous spending. B) smaller the change in Real GDP for a given change in autonomous spending. C) larger the multiplier. D) smaller the multiplier. E) a and c
Which of the following is the objective of expansionary monetary policy?
A. an increase in employment B. a decrease in employment C. an increase in the velocity of money D. an increase in prices proportional to the rise in the money supply
The downward-sloping demand curve of a monopolistic competitor:
A. Reflects some level of control over its own price B. Becomes eventually horizontal in the long run C. Indicates collusion among the members of the product group D. Ensures that the firm will produce at minimum average cost in the long run