The supply curve of reserves is:

The Lorenz curve and the Gini coefficient are similar in that both

a. are numerical measurements b. illustrate dispersions of income throughout an economy c. represent after tax incomes d. are abstract models of the real world but there are no data allowing us to apply it to the real world e. compare the levels of incomes earned in different countries

Which of the following best describes a typical business cycle?

A. Economic expansions are followed by economic contractions. B. Inflation is followed by unemployment. C. Stagflation is followed by inflationary economic growth. D. Trade surpluses are followed by trade deficits.