During the decade of the 1920s, the distribution of income
(a) became increasingly equal.
(b) changed little or not at all.
(c) became increasingly unequal.
(d) may or may not have changed, but it is difficult to know because of lack of data.
(c)
Economics
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A new bank has reserves of $600,000, checkable deposits of $500,000, and government securities of $100,000. If the desired reserve ratio is 10 percent, the amount of loans this bank can make is
A) $60,000. B) $550,000. C) $50,000. D) $600,000. E) $540,000.
Economics
Which would not increase the productivity of labor?
A) An increase in the size of the labor force B) An increase in the quality of capital C) An increase in the quantity of capital D) An increase in technology E) An increase in the efficiency of energy
Economics