The Lorenz curve represents the distribution of income

a. True
b. False
Indicate whether the statement is true or false

True

Economics

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A graph measures y on the vertical axis and x on the horizontal. The curve on the graph is a vertical line. From this fact we know that

A) the value of x does not change when the value of y changes. B) the value of y is constant. C) the ratio of x to y is constant. D) the ratio of y to x is constant.

Economics

Explain how a consumption tax could lead to a decrease in real interest rates

Economics