Since 1929, the distribution of money income in the United States has
A) become slightly more unequal.
B) not dramatically changed.
C) become more equal.
D) shifted toward the poorer 20 percent away from the richer 20 percent.
C
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When every good or service is produced up to the point where the last unit provides ________, allocative efficiency occurs
A) a marginal benefit to society greater than the marginal cost of producing it B) a marginal benefit to society equal to the marginal cost of producing it C) a marginal benefit to society less than the marginal cost of producing it D) a marginal benefit to society equal to zero
When the market value of the dollar falls relative to other currencies around the world, we say that
A) the supply of dollars has decreased. B) the dollar has depreciated. C) the demand for dollars has decreased. D) the dollar has appreciated.
What is an overvalued exchange rate? What factors may cause a country's currency to become overvalued?
What will be an ideal response?
The government can close an inflationary gap by reducing government spending
Indicate whether the statement is true or false