In the United States, the poorest 50 percent of households own about ________ of total wealth

Refer to the above figure. Which panel represents what happens in the foreign job market in the short-run when U.S. firms substitute labor outside of the U.S. for labor inside the U.S.?

A) Panel A B) Panel B C) Panel C D) Panel D

According to the Taylor rule, if real GDP rises by 1 percent above potential GDP, the Fed should raise:

A. The supply of money by 10 percent B. The velocity of money by 10 percent C. The natural rate of unemployment from 4 percent to 5 percent D. The Federal funds rate, relative to the current inflation rate, by 0.5 percent