Innovative ideas often exist in an environment of uncertainty, and their probabilities of success usually cannot be determined in an objective way
Indicate whether the statement is true or false
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A perfectly straight Lorenz curve would mean:
A. perfect inequality, and it does not exist in the real world. B. perfect equality, and it does not exist in the real world. C. perfect equality, and is more common among the wealthy, developed nations. D. perfect inequality, and is more common among the developing nations.
The federal government's revenue has declined steadily relative to GDP since 1960
a. True b. False
An increase in the reserve ratio would tend to
A. increase excess reserves and raise the money multiplier. B. decrease excess reserves and decrease the money multiplier. C. increase excess reserves and decrease the money multiplier. D. decrease excess reserves and raise the money multiplier.
Minimum wage laws help explain the natural rate of unemployment if they create a surplus in any labor market
a. True b. False Indicate whether the statement is true or false