The recession that began with a housing market crash in 2007 had the effect of reducing income inequality.
Answer the following statement true (T) or false (F)
False
The serious recession reduced the wealth of those whose homes lost value and the income of those whose jobs were lost.
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A cost-benefit analysis can be done to assess whether a nation should fix its exchange rate. Which of the following is NOT correct?
A) If market integration or symmetry increase, then the net benefits of a fixed exchange rate increase. B) If the net benefits are negative, economically speaking the nation should float. C) If the net benefits are positive, economically speaking the nation should float. D) If the net benefits turn negative, the nation should fix.
Lower real wages make it ______.
a. more profitable to hire new workers b. less profitable to hire new workers c. more likely that short-term unemployment will increase d. less likely that real wages will move toward equilibrium
If we say that two variables are directly related, this means that:
A. the relationship between the two is purely random. B. an increase in one variable is associated with a decrease in the other variable. C. an increase in one variable is associated with an increase in the other variable. D. the two graph as a downsloping line.
If marginal cost is increasing, then average total cost must be increasing simultaneously.
Answer the following statement true (T) or false (F)