The most widely used measure of income inequality is
A. the Bureau of Labor Statistics' cost-of-living index.
B. the Laffer curve.
C. the Gemini coefficient.
D. the Lorenz curve.
Answer: D
Economics
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How does an increase in the savings rate affect the multiplier in an economy, if at all?
a) The multiplier would turn from positive to negative. b) The multiplier would stay the same. c) The multiplier would increase. d) The multiplier would decrease.
Economics
Under both perfect competition and monopoly, a firm:
a. is a price taker. b. is a price maker. c. will shut down in the short-run if price falls short of average total cost. d. always earns a pure economic profit. e. sets marginal cost equal to marginal revenue.
Economics