The income and wealth gap in the United States has

A. decreased in recent years.
B. stayed the same in recent years.
C. increased in recent years.
D. helped reduce the federal budget deficit.

Answer: C

Economics

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Refer to the figure above. Domestic producers gain ________ because of the tariff

A) $5 B) $62,500 C) $15 D) $125,000

Economics

Suppose that there is a negative aggregate demand shock and the central bank commits to an inflation rate target. But if the commitment is not credible, then

A) the public's expected inflation will remain unchanged. B) the short-run aggregate supply curve will rise. C) economic contraction will be worse. D) all of the above. E) both B and C.

Economics