The more bowed out the Lorenz curve, the
A) less equal the income distribution.
B) more equal the income distribution.
C) greater the overall wealth in the economy.
D) less the overall wealth in the economy.
A
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If the demand for apples decreases at the same time the supply of apples increases, the price of apples will tend to fall
a. True b. False Indicate whether the statement is true or false
The irregular and largely unpredictable fluctuations in economic activity are called
a. market failure. b. business cycle. c. inflation. d. unemployment.
In Table 10.1, what is the unemployment rate in Year 10?
A. .05 percent B. 10 percent C. 45 percent D. 50 percent
The impact of fiscal stimulus on aggregate demand includes both new government spending and all subsequent induced increases in consumer spending triggered by the initial government outlays.
Answer the following statement true (T) or false (F)