Which of the following statements is TRUE?
A. consumption + saving = personal income
B. consumption - investment = disposable income
C. consumption + saving = disposable income
D. consumption - saving = personal income
Answer: C
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Classical economists contend that official measures of unemployment:
A. understate the problem due to the existence of discouraged workers. B. overstate the problem because most unemployment is cyclical. C. overstate the problem because most unemployment is voluntary. D. understate the problem due to involuntary part-time employment.
The demand for money is based on
A. the transactions demand, asset demand, and precautionary demand. B. the demand for cash, demand for securities, and the demand for real estate. C. a demand for liquidity and wealth. D. the demand for consumption, demand for investment, and demand by government.
Which of the following reasons offered for why crime fell in the 1990s does the Brennan Center suggest had a significant impact?
A. Higher rates of incarceration B. The increased use of gun buyback programs C. The increased use of the death penalty D. The increased use of the community policing
The interest rate that commercial banks charge each other for very short-term loans is called the ________.
A. federal funds rate B. prime rate C. commercial paper rate D. Federal Reserve discount rate