The income of the household lying at the exact middle of the income distribution is:
a. mean household income.
b. median household income.
c. modal household income.
d. second quintile household income.
Answer: b. median household income.
Economics
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A) the smaller the multiplier is. B) the larger the multiplier is. C) the smaller autonomous consumption is. D) the larger the marginal propensity to save is.
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Monetarists believe in a relatively unstable __________ curve, and thus recommend a monetary policy targeting the __________
A) IS; money supply B) IS; interest rate C) LM; money supply D) LM; interest rate
Economics