When we examine historical data on income inequality in the U.S., we see that the distribution of income gradually became
a. more equal between 1935 and 2011.
b. more equal between 1935 and 1973, but that trend reversed itself between 1973 and 2011.
c. more unequal between 1935 and 1973, but that trend reversed itself between 1973 and 2011.
d. more unequal between 1935 and 2011.
b
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Personal income can never be greater than national income
Indicate whether the statement is true or false
Open market operations refer to the purchase and sales of stocks listed on the New York Stock Exchange
a. True b. False Indicate whether the statement is true or false
A firm's marginal revenue product of labor curve is: a. a horizontal straight line at the market wage rate
b. equivalent to its demand for labor curve. c. a vertical line at the market price of the good it produces. d. equivalent to its supply of labor curve.
The recent merger of Southwest Bell (SBC) and AT&T companies is an example of a
A) horizontal merger. B) vertical merger. C) consolidation merger. D) cooperative merger.