Inflation reduces the multiplier effect by reducing consumers’ wealth and purchasing power.
Answer the following statement true (T) or false (F)
True
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About how many people lack access to safe water?
a. 20 million b. 200 million c. 500 million d. 1 billion e. 2 billion
If we were on curve J, the lowest three quintiles received about _____% of income.
A. 20
B. 40
C. 50
D. 60
Which of these activities will most likely impose an external cost?
a. Betty plants flowers in her garden. b. Bonnie gets a flu vaccine. c. Bridget drives her car after having too much alcohol to drink. d. Becky buys a new flat screen television.
If the quantity demanded of a good is greater than the quantity supplied of the good at the current price, then
A. The demand curve will shift to the left to create equilibrium. B. The supply curve will shift to the right to create equilibrium. C. There is a surplus of the good. D. Price will increase until it reaches the equilibrium price.