Author Question: National income (NI) is the total income earned by resource owners, including wages, rents, ... (Read 92 times)

Awilson837 · **on:** Jun 30, 2018

National income (NI) is the total income earned by resource owners, including wages, rents, interest, and profits.
a. True
b. False
Indicate whether the statement is true or false

Question 2

In the classical range of the aggregate supply curve, greater spending for consumer and investment goods results in:
a. stagflation.
b. more unemployment.
c. greater output.
d. a higher price level.