According to the text, today's Lorenz curve is
A) a straight line.
B) a vertical line.
C) more bowed than in 1929.
D) less bowed than in 1929.
Answer: D
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When the price of a bond is above the equilibrium price, there is an excess ________ bonds and price will ________
A) demand for; rise B) demand for; fall C) supply of; fall D) supply of; rise
In the Keynesian liquidity preference framework, an increase in the interest rate causes the demand curve for money to ________, everything else held constant
A) shift right B) shift left C) stay where it is D) invert
A resource the United States lacked in the 20th century and had to import was:
A. land. B. labor. C. minerals. D. technological creativity.
How much is the marginal propensity to save when disposable income rises from $3 trillion to $4 trillion?
A. 0
B. .25
C. .5
D. .75