The closer the Lorenz curve is to the diagonal, the more unequal the distribution of income

Indicate whether the statement is true or false

F

Economics

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If the income multiplier is 2 and the equilibrium national income level is $8,000 billion, then a $500 billion decrease in aggregate expenditure will cause

a. the aggregate expenditure curve to shift to the right and national income to increase by $1,000 billion b. the aggregate expenditure curve to shift to the left and national income to decrease by $1,000 billion c. the aggregate expenditure curve to shift to the right and national income to increase by $2,000 billion d. the aggregate expenditure curve to remain unchanged but an upward movement along the curve that shows a $2,000 increase in national income e. the aggregate expenditure curve to remain unchanged but an upward movement along the curve that shows a $2,000 decrease in national income

Economics

An increase in the income of country A relative to the income of country B will usually lead to an increase in country:

A. A's exports to country B B. B's imports from country A C. A's demand for the currency of country B D. B's demand for the currency of country A

Economics