Homework Clinic
Social Science Clinic => Economics => Topic started by: 09madisonrousseau09 on Jun 29, 2018
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When the price level falls from 135 to 120, the aggregate level of GDP supplied falls from 140 billion to 125 billion. This ________ relationship represents the ________ relationship between GDP and the price level.
A) positive; long-run B) negative; short-run
C) negative; long-run D) positive; short-run
Question 2
For the top 1 percent of income distribution, the share of federal individual income taxes paid by households in this group in 2015 was ________ percent.
A) 9 B) 17 C) 44 D) 68
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Answer to Question 1
D
Answer to Question 2
C