Compared to the Gini coefficient for income distribution, the value of the Gini coefficient for the distribution of wealth would be
a. higher
b. lower
c. zero
d. nearly identical
The Lorenz curve shows the
a. percent of families on the vertical axis and percent of income on the horizontal axis
b. percent of families on the horizontal axis and the cumulative percent of income on the vertical axis
c. cumulative percent of income on the vertical axis and the cumulative percent of families on the horizontal axis
d. cumulative percent of families on the vertical axis and the cumulative percent of income on the horizontal axis
During the trough of the business cycle,
a. employment and income are at a low ebb
b. little investment in plant and equipment occurs
c. consumers postpone purchases of durable goods
d. all of the above
Which of the following categories of business cycle theories includes the theory of "real business cycles?"
a. physical
b. monetary
c. psychological
d. spending and saving