In the quintile distribution of income, the term "quintile" represents:
A. 5 percent of the income receivers.
B. 10 percent of the income receivers.
C. 20 percent of the income receivers.
D. 25 percent of the income receivers.
Answer: C
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In 2000, many economists believed that the most serious macroeconomic problem confronting the U.S. economy was an inflationary gap. Which policies would be effective in dealing with this problem?
A. Increase transfer payments. B. Increase government purchases. C. Decrease personal income taxes. D. Increase personal income taxes.
What is the overall longrun impact of labor immigration on returns to factors of production?
a. Returns to labor will increase and returns to capital will decrease. b. Returns to labor and returns to capital will both increase. c. Both relative and absolute returns to factors of production will not change. d. Both relative and absolute returns to factors of production will increase.
Recently, the financial crisis led to a bank run in
A. Brazil. B. Germany and France. C. Japan. D. England.
All else the same, when real GDP increases, the
A) supply of money decreases. B) demand for money increases. C) supply of money increases. D) demand for money decreases. E) supply of money does not change, and the demand for money does not change.