If personal income is $700 billion and personal income taxes are $140 billion, the value of disposable personal income is
A. $560 billion.
B. $630 billion.
C. $640 billion.
D. $840 billion.
Answer: A
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This type of unemployment reflects the normal amount of unemployed workers who possess skills that will enable them to find another job
A) cyclical unemployment B) frictional unemployment C) structural unemployment D) None of the above answers is correct.
Everything else held constant, an increase in planned investment expenditure ________ aggregate ________
A) increases; demand B) decreases; demand C) decreases; supply D) increases; supply
Mary Ellen lives in a large city and earns $100,000 a year. Her sister, Molly, lives in a small rural community and earns only $20,000 a year
Based on this information, can you conclude that Mary Ellen is better off than her sister? Explain your answer.
Which of the following is closest to a perfectly competitive market?
A) the computer software market B) the market for handmade guitars C) the market for broccoli D) the market for athletic shoes