The movement of individuals and households from one income quintile to another over time is called:

A. income averaging.
B. wealth turnover.
C. income mobility.
D. the ratchet effect.


Answer: C

Economics

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A. services B. capital goods C. formal education D. leisure

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If a firm's MRP of capital = MFC, the firm

a. is at its profit-maximizing use of loanable funds b. should decrease its quantity demanded of loanable funds c. should increase its quantity demanded of loanable funds d. should hire more labor e. should raise the interest rate

Economics

Long-run economic growth policies focus on:

A. Shifting the aggregate demand curve to the left. B. Moving the economy along the production possibilities curve. C. Shifting the production possibilities curve outward. D. Moving the economy onto the production possibilities curve.

Economics

One reason economists have begun focusing on the Personal Consumption Expenditure measure for inflation is that the PCE deflator:

A. allows for a changing basket of goods. B. weights food more because food is a rising percent of expenditures. C. includes the price of assets such as stock portfolios. D. takes the exchange rate value of the dollar into account.

Economics