Which of the following is an accurate comparison between personal income (PI) and disposable personal income (DPI)?
a. DPI is more than PI.
b. DPI is less than PI.
c. DPI is equal to PI.
d. DPI is more than PI at times and less than PI at times.
b. DPI is less than PI.
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In the figure above, if the interest rate is 8 percent, people demand $0.1 trillion
A) less money than the quantity supplied and the interest rate will rise. B) less money than the quantity supplied and the interest rate will fall. C) more money than the quantity supplied and the interest rate will fall. D) more money than the quantity supplied and the interest rate will rise.
Banks earn profits from off-balance sheet loan sales
A) by foreclosing on delinquent accounts. B) by selling the loans at discounted prices. C) by selling existing loans for more than the original loan amount. D) by calling-in loans before the maturity date.
What does it mean for a firm to be a price taker in the labor market?
What will be an ideal response?
The law of demand is graphically demonstrated by a(n):
a. perfectly vertical demand curve. b. perfectly horizontal demand curve. c. downward-sloping demand curve. d. upward-sloping demand curve. e. curved demand line.