In the year 2010, the richest fifth of the American population earned close to:

a. 50% of the total income.
b. 20% of the total income.
c. 30% of the total income.
d. 80% of the total income.


a. 50% of the total income.

Economics

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A) raise; appreciate B) raise; depreciate C) lower; appreciate D) lower; depreciate

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An increase in shipments of currency from the Federal Reserve to commercial banks will

A) increase the money supply. B) increase bank reserves. C) reduce bank reserves. D) have no effect on bank reserves.

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a. True b. False Indicate whether the statement is true or false

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a. True b. False Indicate whether the statement is true or false

Economics