Which of the following is true?
a. About one-third of millionaires have college degrees.
b. The percentage of the population that are millionaires in inflation-adjusted dollars has been stable since the 1970s.
c. More than 75 percent of American millionaires have college degrees.
d. The majority of millionaires received most of their wealth through an inheritance
c. More than 75 percent of American millionaires have college degrees.
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The longer you hold stocks in the stock market, the more likely you will earn a positive return, ceteris paribus.
Answer the following statement true (T) or false (F)
In the traditional Keynesian model, an increase in current taxes
A) increases disposable income but does not affect consumption. B) decreases both disposable income and consumption. C) decreases disposable income but increases consumption. D) has no effect on either disposable income or consumption.
Which of the following is not an automatic stabilizer?
a. Forward-looking behavior b. Interest rates c. Imports d. Transfer payments e. Consumption spending
The United States can gain from international trade if
A. it imports goods for which it is a high-opportunity cost producer and exports those for which it is a low-opportunity cost producer. B. the dollar appreciates in value. C. the dollar is overvalued in the currency market.