National Income is obtained by
a. subtracting capital consumption allowance from GDP.
b. adding all the earnings of productive resources in a given period.
c. subtracting personal taxes from personal income.
d. adding personal savings and personal consumption expenditures.
b. adding all the earnings of productive resources in a given period.
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Sugar price supports primarily benefit consumers.
Answer the following statement true (T) or false (F)
The reason that economists are so interested in the stability of velocity is because if the demand for money is not stable, then steady growth of the money supply
A) is going to promote price stability at the expense of low unemployment. B) is going to promote low unemployment at the expense of price stability. C) is an ineffective way to conduct monetary policy. D) can still be used to conduct monetary policy if the goal is price stability.
Which nation made the greatest commitment to establish permanent settlements in its colonization strategy?
a. England b. France c. Holland d. Spain
If all firms expect greater demand for their products or services, they will hire _____ resources like labor and capital and the economy will experience _____
a. fewer; recession b. fewer; growth c. more; deflation d. more; recession e. more; growth