Since World War II, the share of total income going to the bottom 20 percent of U.S. households has
A) fallen by 20 percent.
B) increased by 10 percent.
C) remained constant.
D) more than doubled.
D
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From 2007 to 2015, the amount of assets owned by the Fed approximately
A) doubled. B) tripled. C) quadrupled. D) quintupled.
A subgame perfect Nash equilibrium
A) can be solved by backward induction. B) is a set of strategies that are a Nash equilibrium in every subgame. C) is a stronger form of Nash equilibrium. D) All of the above are correct.
Which of the following is not part of M1?
a. Checking accounts. b. Coins. c. Credit cards. d. Paper currency.
When perfectly competitive firms are earning zero accounting profits, a. we would expect entry into the industry
b. we would expect stability in the industry, since it is in long run equilibrium. c. we would expect exit from the industry. d. we would expect none of the above.