Refer to the below table. The rise in percentage of income received from before taxes and transfers to after taxes and transfers is greatest for the:
A. Lowest 20% of households
B. Third 20% of households
C. Fourth 20% of households
D. Highest 20% of households
A. Lowest 20% of households
Economics
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Long-run macroeconomic equilibrium occurs when
A) aggregate demand equals short-run aggregate supply and they intersect at a point on the long-run aggregate supply curve. B) structural and frictional unemployment equals zero. C) aggregate demand equals short-run aggregate supply. D) output is above potential GDP.
Economics
Every firm is constrained by the demand curve for the product it produces
a. True b. False
Economics