Compared to 1968, in 2008 income distribution would be considered
A. much more equal.
B. somewhat more equal.
C. about as equal.
D. Much less equal.
D. Much less equal.
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A time-series graph reveals whether there is a ________, which represents ________
A) trend in a variable; a general tendency for the variable to rise or fall B) relationship between two variables; a cross-section relationship C) trends in two variables; unrelated variables D) relationship between two variables; a trend in a variable E) cross-section relationship; a general tendency for the variables to rise or fall
An increase in the wage rate will cause
a. increased employment b. a leftward shift in the labor supply curve c. an upward movement along the labor supply curve d. a rightward shift of the labor supply curve e. a leftward shift of the labor demand curve
The short-run aggregate supply (SRAS) curve shows the quantity
A) demanded of all goods and services at different price levels, ceteris paribus. B) supplied of all goods and services at a particular price level, ceteris paribus. C) supplied of all goods and services at different price levels, ceteris paribus. D) supplied of GDP at a particular price level, ceteris paribus.
Based on the graphs for an increase in aggregate demand and the Phillips curve, we can see that when inflation is high, ______.
a. RGDP is low
b. unemployment is high
c. aggregate demand is weak
d. aggregate demand is strong