Author Question: Since the 1970s, the percentage of total income earned by the poorest 20 percent of American ... (Read 163 times)

anshika · **on:** Jun 30, 2018

Since the 1970s, the percentage of total income earned by the poorest 20 percent of American families has fallen.
a. True
b. False
Indicate whether the statement is true or false

Question 2

Crowding out refers to the government's increased demand for credit, which:
a. displaces some private sector consumption by decreasing the price level.
b. displaces some private sector borrowing by decreasing the interest rate.
c. displaces some private sector borrowing by increasing the interest rate.
d. hires labor away from the private sector.
e. displaces some import purchases by the private sector.