According to the text, today's Lorenz curve is

The sum of all the income categories listed in the National Income and Product Accounts adds up to

A) gross domestic product. B) net national product. C) net domestic product at factor cost. D) disposable income after taxes. E) gross national product.

A central bank that does NOT follow the Taylor principle will fail to raise nominal interest rates by more than the increase in expected inflation

Therefore, higher inflation will lead to a ________ in real interest rates, resulting in ________-sloping monetary policy curves. A) decline; downward B) rise; downward C) rise; upward D) decline; upward