Which of the following observations would be valid if the Gini coefficient is equal to zero?
a. Perfect income inequality
b. Greater degree of income inequality
c. Lorenz curve overlaps the line of perfect income equality
d. Unequal distribution of income
c
Economics
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The income effect of a wage decrease examines the effect of the decrease in wage income on a worker's ability to purchase goods and services
Indicate whether the statement is true or false
Economics
A decrease in the reserve requirement would:
A) decrease excess reserves and reflect an expansionary monetary policy. B) decrease excess reserves and reflect a contractionary monetary policy. C) increase excess reserves and reflect an expansionary monetary policy. D) increase excess reserves and reflect a contractionary monetary policy.
Economics