How much is the percentage of income received by the middle three quintiles on line S?
60
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Suppose that a five-year Treasury bond pays 2.5 percent and a five-year corporate bond pays 8.5 percent, then what is the interest rate spread on this particular corporate bond?
A. 5 percent B. 6 percent C. 7.5 percent D. 9.0 percent
When the economy begins to slip into a recession, the automatic stabilizers cause transfer payments to ________ and tax collections to _________.
Fill in the blank(s) with the appropriate word(s).
The federal funds rate is the interest rate that
A. the government pays on securities that mature in less than a year. B. commercial banks charge their best customers to borrow money. C. the Fed charges commercial banks to borrow reserves. D. commercial banks charge each other for borrowing and lending reserves.
The empirical finding that increased spending has no significant impact on educational outcomes
A. is consistent with the "flat part of the curve" on the educational production function. B. has been shown to be a lie propagated by the anti-public education movement. C. is consistent with the "steep part of the curve" on the educational production function. D. is absolutely inconsistent with the idea of an educational production function.