Personal income can never be greater than national income

Indicate whether the statement is true or false


F

Economics

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If, during a deposit expansion, not all money gets redeposited into the banking system and some leaks out as currency, then the real world multiplier is

A) not related to 1/RR. B) smaller than 1/RR. C) equal to 1/RR. D) larger than 1/RR.

Economics

An increase in private sector borrowing (and spending) caused by decreased government borrowing is known as

A. Crowding in. B. Crowding debt. C. Debt reduction. D. Crowding out.

Economics

A problem with the CPI is:

a. it has a quality bias and assumes product quality is constant over time. b. it accounts for more buying at discount stores. c. it under-estimates inflation. d. it assumes product quality that is too high.

Economics

Why did the classical economists think that large-scale unemployment was not possible in a market economy?

What will be an ideal response?

Economics