Author Question: Refer to Figure 26-7. Suppose the economy is in a recession and no policy is pursued. Using the ... (Read 116 times)

clmills979

  • Hero Member
  • *****
  • Posts: 551
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.


ErinKing

  • Sr. Member
  • ****
  • Posts: 362
Answer to Question 1

E

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Did you know?

The effects of organophosphate poisoning are referred to by using the abbreviations “SLUD” or “SLUDGE,” It stands for: salivation, lacrimation, urination, defecation, GI upset, and emesis.

Did you know?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

More than 4.4billion prescriptions were dispensed within the United States in 2016.

For a complete list of videos, visit our video library