Income equality has
A) decreased in the United States as manufacturing has increased.
B) narrowed within countries but increased across countries.
C) increased within countries but has narrowed across countries.
D) not changed in the advanced economies over the past 50 years.
E) increased in developing economies as manufacturing has decreased.
C
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Sugar price supports ensure an abundance of sugar, and hence reasonable prices for consumers
a. True b. False Indicate whether the statement is true or false
Within the AD/AS model, if consumers increase their savings and cut back on their spending, the
a. natural rate of unemployment will increase. b. real interest rate will decrease and, thereby, cushion the reduction in consumption spending. c. real interest rate will increase because of the higher rate of saving. d. long-run aggregate supply will decrease to restore equilibrium.