From 1993 to 2012, average real income for the bottom quintile of U.S. households
A) decreased by more than 10%.
B) remained virtually unchanged.
C) increased by about 5%.
D) almost doubled.
B
Economics
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Most economists see the business cycle
A) as a regular pattern of recessions and expansions of the same length and intensity. B) occurring as a result of anticipated macroeconomic changes in the marketplace. C) as randomly occurring, resulting from unpredictable long-run changes in the macroeconomy. D) as resulting from the response of households and firms to macroeconomic shocks.
Economics
What variable has been shown to be highly correlated with nutrition, disease, and income, and is increasingly being used by economists to measure the well being of people?
a. Height. b. Weight. c. IQ. d. Gender.
Economics