In 2012, the bottom one-fifth of U.S. households earned ________ of the nations total income
A) just over 3%
B) just under 9%
C) approximately 25%
D) just under 50%
A
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If the nominal money supply grows 6%, real income rises 2%, and the inflation rate is 5%, then the income elasticity of money demand is
A) 0.5. B) 0.75. C) 1.0. D) 1.5.
Consider the two graphs above. Suppose that financial liberalization enables more businesses to access credit markets. This would ________ the desired level of the capital stock, as depicted in graph ________
A) increase; B B) increase; A C) decrease; B D) decrease; A
Truck drivers usually earn more than secretaries because
a. drivers require more education and training b. truck drivers have more flexibility in their daily activities c. truckers face greater risks d. secretaries have higher productivity than truckers e. truckers are discriminated against
The basics of the welfare state in the United States started as part of:
A. reparations after WWI in the late 1910s. B. the Bretton Woods plan after WWII in the 1940s. C. the New Deal legislation in the 1930s. D. the Great Recession Recovery and Aid Acts in the 2000s.