The highest-income fifth of the U.S. population earns more than 50 percent of all income
a. True
b. False
Indicate whether the statement is true or false
True
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The natural rate hypothesis states that when the inflation rate
A) increases, the unemployment rate will decrease permanently. B) changes, the unemployment rate changes temporarily and eventually returns to the natural unemployment rate. C) decreases, the inflation rate will decrease permanently. D) changes, the change is only temporary, and eventually the inflation rate returns to the natural inflation rate. E) increases, the natural unemployment rate increases.
The organized groups of people who favor government intervention do so at the expense of other groups because even government resources are limited
Indicate whether the statement is true or false
The largest source of tax revenue for the U.S. federal government is:
A. personal income taxes. B. property taxes. C. corporate income taxes. D. sales and excise taxes.
Why is the demand for labor downward sloping in the short run?
What will be an ideal response?