The distribution of income in the United States has grown substantially more unequal since about
A. 1970
B. 1980
C. 1990
D. 2000
Answer: B
Economics
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Since real GDP is adjusted for inflation and nominal GDP is not, nominal GDP must always be higher than real GDP. Do you agree or disagree? Why?
What will be an ideal response?
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The short-run aggregate supply curve shows how ________ cause output to rise
A) increases in inflation B) decreases in unemployment C) decreases in nominal interest rates D) all of the above E) none of the above
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Firms operating in competitive markets have little incentive to innovate.
Answer the following statement true (T) or false (F)
Economics
Which of the following individuals first discovered the relationship between unemployment and inflation?
A) Solow B) Samuelson C) Friedman D) Phillips
Economics