The amount of income people have left after taxes is called
A. boot.
B. net profit.
C. disposable income.
D. excise income.
Answer: C
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Using Figure 1 above, if the aggregate demand curve shifts from AD2 to AD3 the result in the short run would be:
A. P1 and Y2. B. P2 and Y3. C. P3 and Y1. D. P2 and Y2.
Expansionary fiscal policy fails to achieve the government's national economic goals. Some economists claim it is due to indirect crowding out. What evidence would be consistent with this claim?
A. The price level decreased. B. The interest rate increased. C. Saving decreased. D. An increase in consumer spending occurred.
Of the following countries, which has the lowest level of income inequality?
A. Slovenia B. Mexico C. Japan D. Greece
A person who is willing to take a bet with a negative expected value is risk-loving.
Answer the following statement true (T) or false (F)