If people take into account the expected behavior of fiscal and monetary authorities in forecasting the behavior of inflation rates, they are most likely forming their projections using

If the U.S. Gini coefficient increased from 0.4 in 1970 to 0.6 in 1990, what would be most accurate?

a. Income inequality increased in the U.S b. Per capita income increased in the U.S c. Both income inequality and per capita income increased d. Income inequality decreased e. The growth rate of income increased

If the income elasticity of demand for a good equals to 2.56, a 10 percent increase in consumer income will result in a 2.56 percent increase in the quantity demanded of the good

a. True b. False Indicate whether the statement is true or false