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Economics
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1 Nov 2020

12. Which of the following can be the causes of growing inequalities in the U.S.?

a. The Changing Composition of American Households

b. A Shift in the Distribution of Wages

c. Both of these

d. None of these

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Raushan Raj
Raushan RajLv8
1 Nov 2020

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Related questions

Which of the following will not cause the consumption schedule to shift?

A) a sharp increase in the amount of wealth held by households

B) a change in consumer incomes

C) the expectation of a recession

D) a growing expectation that consumer durables will be in short supply 

9. About one-third of immigrants over the age of 25 lack a high school diploma. As a result, many of the recent immigrants end up in unskilled jobs. As a result:

a. this results in a shift to the right in the supply of unskilled labor for a number of jobs, which will lead to lower wages for these jobs.

b. the middle- and upper-income households that purchase the services of these unskilled workers will benefit from these lower wages.

c. the low-skilled U.S. workers who must compete with low-skilled immigrants for jobs will tend to suffer from immigration.

d. all of the above statements are true. 

All of the following changes shift the consumption function except:

A) A change in a households real assets

B) A change in the interest rate

C) Expectations of price changes

D) Changes in a households disposable income

E) Changes in taxation policy

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