What is the percentage of income received by the upper quintile on line Y?

30

Economics

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What is the distinction between external and internal economies and diseconomies of scale in an industry?

What will be an ideal response?

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(Exhibit: IS-LM Fiscal Policy) Based on the graph, starting from equilibrium at interest rate r1 and income Y1, an increase in government spending would generate the new equilibrium combination of interest rate and income:

What will be an ideal response?

Economics