Personal saving
a. equals national income less personal consumption expenditures.
b. is personal disposable income minus consumption expenditures.
c. is the value of stocks and bonds.
d. equals personal income minus taxes.
e. is personal disposable income less personal taxes.
B
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A needed reform in the U.S. income tax system that would reduce the costs of inflation is to
A) go back to taxing nominal wage and salary income. B) start taxing real wage and salary income. C) go back to taxing nominal interest income. D) tax real interest income.
An increase in the demand for a product will shift the demand for labor used to produce the product:
a. downward. b. leftward. c. rightward. d. none of these, the curve will not shift.
If marginal costs are falling and below average costs, then average costs must be falling too
Indicate whether the statement is true or false
Index funds
a. typically have a higher rate of return and higher costs than managed mutual funds. b. typically have a higher rate of return and lower costs than managed mutual funds. c. typically have a lower rate of return and higher costs than managed mutual funds. d. typically have a lower rate of return and lower costs than managed mutual funds.