The percentage of our population below the poverty line is about _____%.
Fill in the blank(s) with the appropriate word(s).
13.2
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The farther the Lorenz curve from the line of perfect equality, the lower is the income inequality
a. True b. False Indicate whether the statement is true or false
Nick Lewis does not work and has not looked for work because of a disability. He is
a. a member of the labor force who is temporarily unemployed b. a member of the labor force who chooses not to be employed c. a member of the labor force who is underemployed d. a discouraged worker who is not a member of the labor force e. not a member of the labor force
Every unit of good x that is produced in the United States is exported to other countries. An increase in the price of good x shows up
a. in the consumer price index and in the GDP deflator. b. in the consumer price index, but not in the GDP deflator. c. in the GDP deflator, but not in the consumer price index. d. in neither the consumer price index nor in the GDP deflator.
In the above figure, suppose the economy is in short-run equilibrium at point D. Which of the following is the best policy option for the Fed?
A. open market purchase of government securities B. Increase the required reserve ratio. C. Increase taxes. D. Increase government spending.