Disposable personal income is found by taking
A. personal income taxes minus personal income.
B. personal income taxes plus personal income.
C. personal income minus personal income taxes.
D. personal income times personal income taxes.
Answer: C
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Refer to the diagram above, which represents a country's supply and demand for an internationally traded good. If PW is the world price, and a foreign country engages in dumping by selling at P2, total domestic production will ________ to ________
A) increase; Q2 B) decrease; zero C) increase; Q5 D) increase; Q3
The New Deal allowed the federal government to reorganize and pursue economic planning
Indicate whether the statement is true or false
If the exchange rate for Micromania's micros to United States's dollars is 50 micros = $1, then micros have appreciated when the exchange rate becomes
a. 100 micros = $2 b. 100 micros = $1 c. 25 micros = $0.50 d. 25 micros = $0.25 e. 25 micros = $0.75
If when the money supply changes, real output and velocity do not change, then a 2 percent increase in the money supply
a. decreases the price level by 2 percent. b. decreases the price level by less than 2 percent. c. increases the price level by less than 2 percent. d. increases the price level by 2 percent.