A quintile is a group that contains
A) exactly 5 people.
B) exactly one-fifth of the population.
C) five identical siblings.
D) five musicians or singers.
B
You might also like to view...
The multiplier is defined as the ratio of a change in income to the
A) marginal propensity to save. B) marginal propensity to consume. C) change in the marginal propensity to consume causing it. D) change in the marginal propensity to save causing it. E) change in planned autonomous spending causing it.
The increase in the federal deficit due to the 2009 stimulus package may have had a smaller impact on the economy due to forward-looking households and firms
A) reducing consumption and investment expenditures in anticipation of future tax increases. B) purchasing more treasury securities to finance the stimulus package and purchasing fewer goods and services. C) taking advantage of the strong U.S. dollar to purchase more imported goods. D) waiting for the real interest rate to fall before borrowing to make long-term investments.