The U-shaped yield curve in the figure above indicates that the inflation rate is expected to
A) remain constant in the near-term and fall later on.
B) fall sharply in the near-term and rise later on.
C) rise moderately in the near-term and fall later on.
D) remain constant in the near-term and rise later on.
B
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In a market system, ____ distributes goods among consumers in accord with their tastes and preferences, using voluntary exchange to determine who gets what.
A. a price system B. a regulatory framework C. a democratic government D. a closed system
It is estimated that occupational segregation accounts for less than one-quarter of the wage gap between men and women
Indicate whether the statement is true or false
Market failure implies that
a. in the real word, the market fails to achieve equilibrium b. with an unequal distribution of income, the market will fail to provide sufficient goods to the poor c. when externalities are present, the market will fail to provide the socially optimal price and output d. negative externalities are greater than positive externalities so that the market fails to create an efficient outcome e. the inability of the market to solve the problem of unnecessary demand is caused by persuasive advertising
Based on the table for the federal tax burden, the highest 20% earns about half of all income, but pays about ______ of income taxes.
a. 1/10
b. 1/4
c. 2/3
d. 3/4