The U.S. economy has been more stable since 1950
Indicate whether the statement is true or false
TRUE
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C = $5 million + 0.9(1 - 0.1)Y I = $7 million G = $6 million NX = $1 million Based on the above data, the value of the expenditure multiplier is
A) 1.23. B) 5.26. C) 9.09. D) 11.11.
In the Mundell-Fleming model with a floating exchange rate and perfect capital mobility, an increase in the money supply does all of the following EXCEPT:
a. increase interest rates. b. increase income. c. increase the IS curve. d. increase inflation.
Between 1960 and 1980, the female/male annual earnings ratio of full-time workers ____. Between 1980 and 2011, the female/male annual earnings ratio of full-time workers ____
a. changed very little; fell b. changed very little; rose c. fell; changed very little d. rose; changed very little
The percentage share of income of the top quintile on curve X is
A. 27.
B. 45.
C. 55.
D. 73.