Which of the following would cause the long-run aggregate supply curve to shift to the right?
A) an increase in wages
B) an increase in demand
C) an increase in productivity
D) an increase in taxes on profits
Ans: C) an increase in productivity
Economics
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The income of the household lying at the exact middle of the income distribution is:
a. mean household income. b. median household income. c. modal household income. d. second quintile household income.
Economics
The lowest-income fifth of the population ordinarily earns about 20 percent of the income in the United States
a. True b. False Indicate whether the statement is true or false
Economics