By summing the quantities demanded by individuals at each price we obtain the

In the short run, a change in the nominal exchange rate brings an equivalent change in the real exchange rate

Indicate whether the statement is true or false

In the figure above, if income were distributed equally across all households, the richest 20 percent of households would receive ________ of total income

A) 45 percent B) 25 percent C) 20 percent D) 15 percent