From 1995 to 2007 in the U.S., the median and average family wealth adjusted for inflation both:
A. Increased rapidly but fell sharply from 2007 to 2010
B. Stayed roughly the same, then rose from 2007 to 2010
C. Stayed at about the same level, then fell sharply from 2007 to 2010
D. Increased slowly, then accelerated from 2007 to 2010
A. Increased rapidly but fell sharply from 2007 to 2010
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What would happen to the planned investment function if business taxes were increased?
A) It would shift to the right. B) It would shift to the left. C) It would shift upward. D) There would be no change.
What are the three important macroeconomic goals about which most economists, and society at large, agree?
a. economic growth, full employment, and low interest rates b. economic growth, full employment, and stable prices c. economic growth, zero unemployment, and falling prices d. economic growth, low unemployment, and a balanced budget e. economic growth, a balanced budget, and balanced international trade
The largest labor union in the United States represents approximately
A. 5 percent of the labor force. B. 1 percent of the labor force. C. 10 percent of the labor force. D. 15 percent of the labor force.
Figure 11-1
In Figure 11-1, the economy is experiencing a(n)
a.
inflationary gap equal to EF.
b.
inflationary gap equal to ET.
c.
recessionary gap equal to ET.
d.
recessionary gap equal to FT.