The top quintile's share of all income exceeds 50% in 2005
Indicate whether the statement is true or false
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The Federal Reserve responded to the 2008 financial crisis in several ways. Which of the following is one of the ways the Fed responded?
A) The Fed helped Citibank to acquire General Motors and Chrysler. B) The Fed lent investment banks Treasury securities in exchange for mortgage-backed securities. C) The Fed lowered the required reserve ratio on demand deposit accounts in order to increase the amount of bank reserves. D) The Fed banned investment banks from obtaining discount loans.
Comparative advantage is illustrated by the slopes of production possibilities frontiers
a. True b. False Indicate whether the statement is true or false
Does a subsidy to buyers affect the demand curve?
A. Yes, it shifts demand up by the amount of the subsidy. B. Yes, it shifts demand to the right by the amount of the subsidy. C. No, the quantity demanded will increase, but the demand curve does not move. D. No, the quantity demanded will decrease, but the demand curve does not move.
If a country raises its budget deficit, then in the market for foreign-currency exchange
a. supply shifts left. b. supply shifts right. c. demand shifts left. d. supply shifts right.