Refer to Figure 18-7. The second lowest 20 percent of households
A) earn 12 percent of the society's total income. B) earn 16 percent of the society's total income.
C) earn 28 percent of the society's total income. D) earn 40 percent of the society's total income.
B
You might also like to view...
A decrease in the federal funds rate
A) increases other short-term interest rates, decreases investment, and decreases aggregate demand. B) lowers the exchange rate, increases the supply of loanable funds, and increases aggregate demand. C) lowers other sort-term interest rate, raises the real interest rate, and increases aggregate demand. D) decreases the supply of loanable funds, raises the real interest rate, and decreases aggregate demand. E) decreases the demand for loanable funds, lowers the real interest rate, and decreases aggregate demand.
Refer to Figure 11-7. When output level is 100, what is the total cost of production?
A) $20 B) $1,000 C) $1,200 D) $2,000