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Question 13 6 pts If the consumer price index (CPI) at the end of 1990 was 125 and the CPI at the end of 2000
Question 13 6 pts If the consumer price index (CPI) at the end of 1990 was 125 and the CPI at the end of 2000 was 133, then the rate of inflation over the time period was: ing O zero (prices were stable during this period). ador 4.8 percent. O 6.4 percent. 8 percent. Question 14 6 pts Lorenz Curve below comparing three different countries, reen curve).6 pts The part of the business cycle in which real gross domestic product (GDP) is declining is called: recession O contraction O peak O trough D Question 10 6 pts Economists consider full employment (or the natural rate of unemployment) to occur when: O everyone who wants a job has a job. frictional unemployment equals zero. O the sum of frictional unemployment and structural unemployment equals zero. the unemployment rate consists of only frictional and structural unemployment.If the economy falls into a recession, automatic stabilizers will cause: ()tax revenues to fall and government spending to rise. tax revenues to rise and government spending to fall. both tax revenues and government spending to rise. both tax revenues and government spending to fall. Question 12 6 pts Which of the following are most likely to reflect a move towards a more equal distribution of income in a society? The share of total income going to the top 20% of income earners rises from 5098 to 609% The Gini coefficient moves closer towards one The Gini coefficient falls towards zero The share of income going to the bottom 20% of income earners falls from 7% to
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