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Author Question: National income is equal to gross domestic product minus: a. indirect business taxes. b. ... (Read 55 times)

P68T

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  • Posts: 509
on: Jun 30, 2018
National income is equal to gross domestic product minus:
 a. indirect business taxes.
  b. depreciation.
  c. personal taxes.
  d. retained earnings.
  e. consumption spending.

Question 2

When the supply of credit is fixed, an increase in the price level stimulates the demand for credit, which in turn reduces consumption and investment spending. This argument is called the:
 a. real balances effect.
  b. interest-rate effect.
  c. net exports effect.
  d. substitution effect.


bhavsar

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  • Posts: 351
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

b


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