Suppose 10 percent of the families receive 10 percent of the income, 20 percent of the families receive 20 percent of the income, and so forth. The Lorenz curve would be
A) a straight line at a 45-degree angle from the origin.
B) a straight line at a 30-degree angle from the origin.
C) the most bowed curve possible.
D) the horizontal axis.
A
Economics
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If AE > Y, which of the following will NOT occur?
A) inventories will decline B) actual investment will be more than planned investment C) employment will increase D) GDP will increase
Economics
Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as 
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting upward C. Short-run aggregate supply shifting downward D. Aggregate demand shifting leftward
Economics