An increase in income equality causes the Lorenz curve to become more bowed away from the line of equality
Indicate whether the statement is true or false
FALSE
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The demand for funds in the financial market comes from one source: the business sector's investment spending
a. True b. False
Frictional unemployment can be the consequence of
a. workers leaving existing jobs to find ones they like better. b. one industry declining while another is growing. c. changes in the working conditions offered by competing firms. d. All of the above are correct.
If at a given exchange rate foreign citizens want to buy fewer U.S bonds, then the
a. supply of dollars in the market for foreign-currency exchange shifts right. b. supply of dollars in the market for foreign-currency exchange shifts left. c. demand for dollars in the market for foreign-currency exchange shifts right. d. demand for dollars in the market for foreign-currency exchange shifts left.
When prices are predetermined, the level of output that equals planned aggregate expenditure is called ________ output.
A. potential B. the natural rate of C. induced D. short-run equilibrium