Since World War II, the share of total income going to the bottom 20 percent of U.S. households has
A. increased by 100 percent.
B. remained constant.
C. more than doubled.
D. fallen.
Answer: D
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The question "What are you going to do with that major?" implicitly questions
A) how much you learn in that major. B) whether the major should be offered on campus. C) how much the market values the human capital developed in the major. D) western bias.
In order for effective price discrimination to occur, a seller must
a. be a pure monopolist. b. have large economies of scale and control over a key natural resource. c. face a horizontal demand curve for its product. d. have at least two distinguishable groups of consumers.
The U.S. macroeconomic experience of the early to mid-1980s is an example of how
A) reducing inflation comes at the cost of a permanent reduction in real GDP. B) reducing inflation comes at the cost of a temporary reduction in real GDP. C) reducing inflation can be done costless by simply increasing the money growth rate. D) increasing the money growth rate affects inflation alone, and not real GDP.
Proponents of zero inflation argue that reducing inflation has
a. permanent costs and temporary benefits. b. temporary costs and permanent benefits. c. permanent costs and benefits. d. temporary costs and benefits.