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Author Question: Refer to Figure 26-7. Suppose the economy is in a recession and no policy is pursued. Using the ... (Read 115 times)

clmills979

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on: Jun 29, 2018
Refer to Figure 26-7. Suppose the economy is in a recession and no policy is pursued. Using the static AD-AS model in the figure above, this situation would be depicted as a movement from
 
  A) B to A. B) C to D. C) A to B. D) C to B. E) A to E.

Question 2

As the value of the Gini coefficient approaches one
 
  A) income distribution becomes less unequal.
  B) the percentage of the population under the poverty line decreases.
  C) income distribution becomes more unequal.
  D) the percentage of the population under the poverty line increases.
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ErinKing

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Reply #1 on: Jun 29, 2018
Answer to Question 1

E

Answer to Question 2

C


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