Refer to Figure 24-2. Ceteris paribus, an increase in the expected future price level would be represented by a movement from

For the calculation of a Lorenz curve using quintiles, the:

a. first quintile contains the richest 50 percent of population. b. first quintile contains the richest 20 percent of population. c. first quintile contains the poorest 50 percent of population. d. first quintile contains the poorest 20 percent of population. e. last quintile contains the poorest 10 percent of population.

Which of the following is not true about the use of a credit card?

A. It is a means of deferring payment for a short period of time B. It allows people to "economize" on the use of money C. Credit-card balances are part of M2, but not part of M1 D. A credit card transaction is not the same as a debit card transaction