Which of the following would increase disposable personal income?
A) a decrease in taxes paid
B) a decrease in personal income
C) a decrease in transfer payments received
D) All of the above would increase disposable income.
A
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The liquidity preference theory distinguishes between ________
A) nominal and real quantities B) money and financial assets C) buying goods and earning interest income D) all of the above E) none of the above
Only a change in the price level can cause a movement from one point to another point along a given aggregate demand curve
Indicate whether the statement is true or false
If all the world's resources were to magically increase one hundredfold, then:
A. economics would no longer be relevant. B. people would still have to make trade-offs. C. scarcity would disappear. D. trade-offs would become unnecessary.
When economic profits are negative, accounting profits
A) must be positive. B) will be negative. C) will equal zero. D) could be positive, negative or zero.