Income is distributed ________ equally than wealth and the Lorenz curve for ________ lies closer to the line of equality
A) more; income
B) more; wealth
C) less; income
D) less; wealth
A
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The global financial crisis lead to a decline in stock prices because
A) of a lowered expected dividend growth rate. B) of a lowered required return on investment in equity. C) higher expected future stock prices. D) higher current dividends.
Which of the following statements is (are) correct? Under a floating exchange rate system
a. dramatic swings in the dollar have become less common the last 20 years. b. the dollar has exhibited considerable volatility, particularly over the last 20 years. c. the value of the dollar has been targeted within a specific range. d. a gradual increase in the value of the dollar has taken place.
If a commercial bank is short of reserves, it can obtain funds by
a. recalling loans. b. borrowing from another commercial bank. c. borrowing from its Federal Reserve Bank. d. all of these methods.
Once the full-employment level of aggregate supply has been reached, further expansions of the aggregate demand curve will cause deflation to occur in the economy
Indicate whether the statement is true or false