A factor that has been associated with the increase in income inequality in the United States is the:

Select one:

a.decrease in households headed by single women.

b.reduction in the percentage of the population over the age of 65.

c.smaller gap between the wages of skilled and unskilled workers.

d.way that technological change has affected labor demand.

Changes in net exports caused by changes in the domestic price level

Select one:

a.shift the aggregate demand curve in the same direction as the price change.

b.shift the aggregate demand curve in the opposite direction of the price change.

c.do not shift the aggregate demand curve.

d.will not affect aggregate demand.

All of the following are obstacles in a country's ability to rely on a general strategy of import substitution in its development effortsexcept

Select one:

a.a shortage of managerial talent and skilled labor.

b.a corrupt bureaucracy.

c.a lack of capital goods.

d.a lack of natural resources.

What are the three types of monetary policy lags?

Select one:

a.the recognition lag, the identification lag, and the implementation lag

b.the recognition lag, the inflation lag, and the impact lag

c.the recognition lag, the implementation lag, and the government lag

d.the recognition lag, the implementation lag, and the impact lag

Each point on a Phillips curve is a different combination of

Select one:

a.aggregate output and the unemployment rate.

b.the inflation rate and the unemployment rate.

c.aggregate output and the inflation rate.

d.saving and disposable income.

Money held for contingencies reflects the _______ demand for money.

Select one:

a.speculative

b.exchange

c.transactions

d.precautionary

Dependency theory assumes that export industries in a poor country have small multiplier effects throughout the rest of the economy. Which of the following is a policy implication of this assumption?

Select one:

a.Trade based on comparative advantage cannot benefit poor nations.

b.Governments of poor nations should take whatever steps are necessary to prevent the repatriation of profits earned by multinational corporations operating in their countries.

c.Production should be undertaken by the public sector and not the private sector.

d.These countries should pursue policies of self-reliance such as import-substitution policies rather than export-led policies.

Between 1965 and 1980, the world population grew at an annual rate of 2%. Using the rule of 72, population is expected to double in

Select one:

a.144 years.

b.36 years.

c.24 years.

d.18 years.