In the United States, the lifetime distribution of income is more equal than the annual distribution. This statement is:
A. true because the rich have gotten richer and the poor have gotten poorer.
B. true because there is considerable income mobility over time.
C. false because people tend to stay in the same income quintile over extended periods of
time.
D. false because the rich have gotten richer and the poor have gotten poorer.
Answer: B
Economics
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A nonmarketable bond that is the most commonly held form of public debt is a
a. U.S. Treasury bond b. U.S. Treasury bill c. U.S. savings bond d. U.S. Treasury note e. U.S. Treasury debenture
Economics
When the central bank buys $1,000,000 worth of government bonds from the public, the money supply:
A. decreases by $1,000,000. B. increases by more than $1,000,000. C. increases by less than $1,000,000. D. increases by $1,000,000.
Economics