A cartoon in the text says that while the economy has been expanding, the share of income to blacks and poor whites has decreased. This implies that the
A. Tax elasticity of supply is greater.
B. Level of income inequality has decreased.
C. Gini coefficient is smaller.
D. Area between the Lorenz curve and the absolute equality line has increased.
Answer: D
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The interest-rate effect is the impact on real GDP caused by the inverse relationship between the price level and the interest rate
a. True b. False Indicate whether the statement is true or false
If the dollar appreciates, American consumers will buy more foreign goods and services
a. True b. False Indicate whether the statement is true or false
In 2009, ___________ exceeded Germany in value of exports becoming the world's largest exporter.
A. China B. Japan C. Canada D. Germany
Individuals who are not working and are not actively looking for work are counted as unemployed if they have looked for work in the past.
Answer the following statement true (T) or false (F)