The study by economists Cox and Alm found that the 2006 after-tax income of the richest fifth of U.S. households is
a. equal to the after-tax income of the poorest fifth.
b. 7 times the after-tax income of the poorest fifth.
c. 14 times the after-tax income of the poorest fifth.
d. 21 times the after-tax income of the poorest fifth.
c
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Suppose the airplane market is an oligopoly. According to the figure above, the quantity produced can range as high as ________ planes per week and as low as ________ planes per week
A) 10; 4 B) 12; 6 C) 6; 0 D) 12; 0 E) None of the above answers is correct.
Domestic currency depreciation will:
A) help domestic firms that export and hurt domestic firms that import. B) help domestic firms that import. C) hurt domestic firms that export and help domestic firms that import. D) hurt domestic firms that export.
Suppose the 12-month interest rate on a U.S. Treasury bill is 16 percent, and the one-year interest rate on a comparable British Treasury bill is 6 percent. The exchange rate today is $2.00 per pound. What must be the expected exchange rate at maturity for interest rate parity to hold?
a. $1.00 = 0.50 pound b. $1.00 = 0.75 pound c. 1 pound = $2.20 d. 1 pound = $1.80 e. 1 pound = $2.50
If full employment GDP is $1 trillion greater than equilibrium GDP, and there is a recessionary gap of $400 billion, the multiplier is
A. 1. B. 2.5. C. 4. D. 5.