What is the primary reason that the highest quintile's share of the national income increased very rapidly over the last 20 years?
A. Poor people are lazy and do not want to work.
B. All of our jobs have been shipped overseas.
C. Tax cuts on the property owners and high income citizens.
D. High cost of health care.
C. Tax cuts on the property owners and high income citizens.
Economics
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Monetary policy will have a large income effect provided the
A) IS curve is flat. B) LM curve is steep. C) IS curve is steep. D) LM curve is flat.
Economics
Traditional economics argues that people know what they want better than anyone else, and this justifies the traditionalists' concentration on maximizing people's consumption.
Answer the following statement true (T) or false (F)
Economics