The figure above shows Sam's budget line. Which of the following equals the slope of Sam's budget line?
A) Y/Pc
B) Y/Pg
C) (Pc/Pg)
D) (Pg/Pc)
C
Economics
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In the figure above, the richest 20 percent of all households receive what share of all income?
A) 10 percent B) 20 percent C) 30 percent D) 40 percent
Economics
Refer to Figure 26-15. In the figure above, suppose the economy in Year 1 is at point A and is expected in Year 2 to be at point B. Which of the following policies could the Federal Reserve use to move the economy to point C?
A) sell Treasury bills B) decrease the required-reserve ratio C) buy Treasury bills D) decrease income taxes
Economics