The distribution of income in the United States
A. became slightly more equal during the 1980s.
B. did not change significantly during the 1980s.
C. has become more unequal since 1980.
D. has become more equal since 1980.
Answer: C
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An increase in the nominal money supply would shift the:
A) aggregate demand curve rightward. B) aggregate demand curve leftward. C) aggregate supply curve rightward. D) aggregate supply curve leftward.
Erin borrowed $18,000 to buy a car. Her loan will be paid off in 5 years. By the time that she pays off the loan, she will have made $20,327 in payments. Why did she have to pay $2,327 more than the price of the car?
(A) She had to pay interest of $2,327 for the privilege of borrowing the creditor of $18,000. (B) She had to pay interest of $2,327 for the privilege of borrowing the principal of $18,000. (C) She had to pay the principal of $2,327 for the privilege of borrowing the mortgage of $18,000. (D) She had to pay a default of $2,327 for the privilege of borrowing the principal of $18,000.
________ goods are rival in consumption and their benefits are excludable.
A. Social B. All C. Private D. Public
The value of the marginal product is the:
A. marginal product generated by an additional unit of input times the price of output. B. additional inputs required to produce one more additional unit of output. C. marginal revenue generated by an additional unit of output times the number of workers hired. D. average revenue generated by workers at a firm.