If we were on curve J, the lowest three quintiles received about _____% of income.
A. 20
B. 40
C. 50
D. 60
D. 60
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According to this Application, the Fed responded to the financial crisis by continuing to develop new programs. One example of this was its announcement that it would now purchase commercial paper, which is the short-term debt of corporations
This is an example of the Fed acting as a A) unit of account. B) store of value. C) medium of exchange. D) lender of last resort.
In panel data, the regression error
A) is likely to be correlated over time within an entity B) should be calculated taking into account heteroskedasticity but not autocorrelation C) only exists for the case of T > 2 D) fits all of the three descriptions above
Programs that provide goods or services, rather than cash, directly to needy individuals or households are called:
A. social insurance. B. in-kind transfers. C. economic growth. D. conditional cash transfers.
An increase in the money supply:
a. raises the interest rate, causing an increase in investment and an increase in GDP. b. lowers the interest rate, causing an increase in investment and an increase in GDP. c. raises the interest rate, causing a decrease in investment and an increase in GDP. d. lowers the interest rate, causing a decrease in investment and an increase in GDP. e. lowers the interest rate, causing a decrease in investment and a decrease in GDP.