Disposable income is National income
A) less taxes collected from households and firms by the government.
B) plus net taxes collected from households and firms by the government.
C) less net taxes collected from firms by the government.
D) less net taxes collected from households by the government.
E) less net taxes collected from households and firms by the government.
E
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Show in a diagram an S-curve and a 45-degree line. Are all three points of intersection stable equilibrium points? Explain
What will be an ideal response?
The entry of firms into a perfectly competitive industry causes the supply curve to
A. increase its slope. B. decrease its slope. C. move toward the right. D. move toward the left.
Which of the following macroeconomic schools of thought has dominated the economics profession from the 1940s through the 1960s?
a. New classical economics b. Classical economics c. Keynesian economics d. Rational economics e. Positive economics
The net present value of $1,000 received one year from now will
a. increase with the interest rate. b. exceed $1,000 as long as the interest rate is positive. c. exceed the net present value of $1,000 to be received two years from now. d. equal $1,100 if the current interest (discount) rate is 10 percent.