In the United States in 2011, the bottom fifth of the income distribution had incomes below $27,218
a. True
b. False
Indicate whether the statement is true or false
True
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Since 1305, of the following centuries the inflation rate has been the highest during the
A) 17th century. B) 16th century. C) 20th century. D) 14th century. E) 15th century.
Which of the following situations is used as a justification for government?
A. negative externalities B. removal from the prisoner's dilemma C. nonexcludable goods D. positive externalities E. all of the above
The demand for a product is more inelastic
a. When it has many close substitutes b. In the long-run c. When it has many complements d. None of the above
Under a floating exchange-rate regime, the domestic currency will normally depreciate if the money supply
A. contracts. B. is managed to keep the country's inflation rate steady. C. expands. D. does not change with the change in the exchange rates.