Between 1970 and 2005,the World Gini Ratio ________ Indicating ________

question 79

Multiple Choice

Between 1970 and 2005,the world Gini ratio ________ indicating ________ in the world distribution of income.

• A)fell;greater equality
• B)fell;greater inequality
• C)did not change;no change
• D)rose;greater equality
• E)rose;greater inequality

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Definitions:

Discretionary Policy

Involves government policies that are implemented through ad-hoc decisions by policymakers, rather than set by predetermined rules.

Monetary Policy

The process by which the central bank or monetary authority of a country controls the supply of money, often targeting an inflation rate or interest rate to ensure price stability and general trust in the currency.

Rational Expectations School

A theory proposing that individuals and firms make decisions based on their rational outlook, available information, and past experiences.

Monetary Policy

Monetary policy is the macroeconomic policy laid down by the central bank involving management of money supply and interest rates to control inflation, consumption, growth, and liquidity.