The measured distribution of ________ is a more accurate indicator of the degree of economic inequality than the measured distribution of ________ because ________ data does not include ________
A) income; wealth; wealth; human capital
B) wealth; income; income; holdings of real estate
C) wealth; income; income; human capital
D) income; wealth; wealth; employment information
A
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Suppose the economy is initially experiencing a short-run recessionary ga
A) lead to a decrease in prices with an increase in real GDP. B) reduce the size of the recessionary ga
The Phillips curve trade-off relationship implies that
A) there is no relationship between inflation and unemployment, at least in the long run. B) the government can fine-tune the economy and generate both the natural rate of unemployment and zero inflation. C) the government can fine-tune the economy and pick the most preferred combination of unemployment and inflation. D) low unemployment can be obtained only by generating rapidly increasing inflation.