In the United States the degree of individual income mobility (that is, the degree to which people move from higher to lower or lower to higher income groupings) is
a. rigid in both directions.
b. flexible in both directions.
c. flexible upward but rigid downward since high income perpetuates itself from generation to generation.
d. flexible downward but rigid upward since most low-income people never rise significantly above the poverty level.
B
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What is the efficient quantity of snowboards in the above figure?
A) 0 B) 100 C) 200 D) 500
The relationship between MPC and MPS is
a. 1 + MPC = MPS b. 1 – MPC = MPS c. 1 + MPS = MPC d. MPC – MPS = 1 e. MPS – MPC = 1
During normal times, the multiplier effect of an increase in government spending financed by taxes will be
a. strengthened, if the additional spending flows into sectors of the economy where the unemployment rates are low. b. weakened by an offsetting reduction in spending due to the higher taxes. c. unaffected, as long as the higher taxes are in the future. d. strengthened, if corporate tax rates are increased and personal tax rates remain unchanged.
If the R-squared value is low, then using OLS equation is very easy to predict individual future outcomes on y given a set of values for the explanatory variables.?
Answer the following statement true (T) or false (F)