The richest fifth of the population's share of income increased from 43.7 percent in 1980 to what percent in 2010?
a. 49.2
b. 50.2
c. 52.2
d. 54.2
b
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If profit from producing would be negative, producers will shut down. ?
Answer the following statement true (T) or false (F)
The figure above shows a tax imposed on a good with an external cost. The area of the rectangle abcd equals
A) the MSB. B) the total tax revenue collected by the government. C) the amount of pollution tax per ton. D) the MC. E) the deadweight loss.
If the Fed pursues expansionary monetary policy then
A) the money supply will increase, interest rates will rise and GDP will rise. B) the money supply will decrease, interest rates will fall and GDP will fall. C) the money supply will decrease, interest rates will rise and GDP will fall. D) the money supply will increase, interest rates will fall and GDP will rise.
Which of the following would NOT cause a shift in the IS curve?
A) an increase in the domestic real interest rate B) an increase in consumer confidence C) a decrease in the expected future profitability of capital D) a decrease in government purchases