Suppose that a subsidy is provided for the consumption of good ABC, and the subsidy is different for different units of good ABC (e.g., $10 subsidy on the first unit of good ABC and $7 on the second unit of good ABC, etc.). The demand curve with such a subsidy will lie to the ______________ of the demand curve without a subsidy, __________ parallel to the demand curve without any subsidy.

If actual output exceeds potential output, ________ shifts upward over time

A) the short-run AD curve B) the short-run AS curve C) the long-run AD curve D) the long-run AS curve

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.