Which of the following statements is true?
a. National income is total income earned by households whereas personal income is total income received by households (including transfer payments).
b. Disposable personal income equals personal income minus personal taxes.
c. The expenditures approach and the income approach yield the same GDP figure.
d. All of these.
d
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________ unemployment arises from a mismatch of skills and jobs
A) Cyclical B) Frictional C) Structural D) Inflationary
In the above figure, a recession begins at point ________ and an expansion begins at point ________
A) a; b B) b; c C) b; a D) d; c
Prices and returns for ________ bonds are more volatile than those for ________ bonds, everything else held constant
A) long-term; long-term B) long-term; short-term C) short-term; long-term D) short-term; short-term
If the Fed wants to increase the value of the dollar, it will
A) sell foreign securities and buy dollars in international currency markets. B) buy foreign securities and sell dollars in international currency markets. C) buy foreign securities and also buy dollars in international currency markets. D) sell foreign securities and also sell dollars in international currency markets.