What does the 45-degree line in the Lorenzo curve model indicate?
a. It shows how the population is distributed in the country.
b. It shows the actual distribution of income with the population distribution.
c. It divides income distribution in half with population distribution.
d. It shows perfect equality between income distribution and population distribution.
d. It shows perfect equality between income distribution and population distribution.
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Which of the following statements is true? a. Over time, when demand for health care continues to rise relatively more than supply, the cost of health care falls. b. Over time, when demand for health care continues to rise relatively more than supply , the cost of health care continues to rise. c. An increase in the demand for health care is accompanied by an outward shift in the supply curve
d. The price of health care rises either with a fall in demand or an increase in supply. e. The change in the demand for health care with no change in supply causes the price to fall continuously.
The ________ determines the supply of money.
A. Congress B. President C. Federal Reserve D. banking system