Which of the following is a main factor that explains the differences in the incomes of U.S. households?
A. inheritances
B. luck and misfortune
C. discrimination
D. All of these
Answer: D
Economics
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According to the text, today's Lorenz curve is
A) a straight line. B) a vertical line. C) more bowed than in 1929. D) less bowed than in 1929.
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Workers’ reluctance to take nominal pay cuts offers a feasible explanation of why the Phillips Curve relation breaks down when there is deflation.
a. true b. false
Economics
If your income increases from $30,000 to $40,000 and your savings increases from $2,000 to $4,000, your marginal propensity to save (MPS) is:
A. 0.2. B. 0.4. C. 0.5. D. 0.8.
Economics
Ceteris paribus is the same as rise / run.
Answer the following statement true (T) or false (F)
Economics