Which of the following is true about the distribution of income in the U.S. in the last three decades?
A) For much of this period real wages paid to college graduates have risen significantly.
B) Real wages paid to blue-collar workers have grown only slightly.
C) There has been a shift in the distribution in income across various segments of the economy, with the real earnings of the richest in America rising to record levels.
D) All of the above are true.
D
Economics
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Hyperinflation is defined as an inflation rate
A) that doubles each year. B) that increases rapidly in one year and decreases rapidly the next year. C) that exceeds 50 percent per month. D) that is moderately high but anticipated.
Economics
If the shut down rule, p < AVC, is the same in the short run and the long run, explain why the shutdown prices may be different
What will be an ideal response?
Economics