The most widely used measure of income inequality is
A) the Bureau of Labor Statistics' cost-of-living index.
B) the Laffer curve.
C) the Lorenz curve.
D) the Gemini coefficient.
Answer: C
You might also like to view...
According to this Application, lower oil prices will ________ the prices of gasoline and heating oil which will ________ the amount of money that consumers have to spend
A) decrease; increase B) decrease; decrease C) increase; decrease D) increase; increase
Refer to Figure 28-5. Consider the Phillips curves shown in the above graph. We can conclude from this graph that
A) ceteris paribus, a fall in the rate of inflation to 5 percent will increase unemployment to 7.5 percent in the short run. B) the natural rate of unemployment in this economy is 5.5 percent. C) the expected rate of inflation in this economy is 10 percent. D) All of the above are correct.