Suppose an economy of five people has a national income of $100,000 . and each individual earns $20,000 . The Gini coefficient for this economy is

An increase in the amount of a product offered for sale at every price is called an increase in supply

Indicate whether the statement is true or false

In a fractional reserve banking system:

A. bank panics cannot occur. B. the monetary system must be backed by gold. C. banks can create money through the lending process. D. the Federal Reserve has no control over the amount of money in circulation.