In 2013, the income share of the lowest quintile was:
A. 3 percent.
B. 20 percent.
C. 90 percent.
D. 47 percent.
Answer: A
Economics
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The natural rate hypothesis argues that the economy will:
A. self-correct to the natural rate of inflation. B. require expansionary fiscal policy to reach the natural rate of unemployment. C. self-correct to the natural rate of unemployment. D. require expansionary monetary policy to reach the natural rate of unemployment.
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Rent seeking refers to unproductive activity in the pursuit of profit.
Answer the following statement true (T) or false (F)
Economics