The correlation coefficient ranges in value between 0.0 and 1.0
a. true b. false
b
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The table above gives a nation's investment demand and saving supply schedules. It also has the government's net taxes and expenditures. When the real interest rate is 4 percent, the supply of loanable funds is equal to
A) $10 billion. B) $50 billion. C) $90 billion. D) $80 billion. E) $30 billion.
If a person is taxed $100 on an income of $1,000 . taxed $220 on an income of $2,000 . and taxed $390 on an income of $3,000 . this person is paying a(n):
a. progressive tax. b. poll tax. c. regressive tax. d. excise tax. e. proportional tax.
The short-run aggregate supply curve shows the relationship between
a. the general level of prices and the quantity of goods and services purchased by all consumers in the economy. b. the general level of prices and the quantity of goods and services that domestic firms will supply. c. the interest rate and the quantity of goods and services that domestic firms will supply. d. the money supply and the quantity of goods and services that domestic firms will supply.
Based on the table showing income inequality in the United States, from 1950 to 1980, the distribution of income in the United States ______.
a. changed erratically
b. remained more or less stable
c. dramatically shifted to favor lower earners
d. dramatically shifted to favor higher earners