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Author Question: Disposable personal income: a. includes personal income taxes. b. excludes personal income taxes. ... (Read 121 times)

itsmyluck

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on: Jun 30, 2018
Disposable personal income:
 a. includes personal income taxes.
  b. excludes personal income taxes.
  c. excludes transfer payments.
  d. is income spent for personal items such as homes and cars.

Question 2

Using the AD-AS model, if consumers and business become more optimistic about the future direction of the economy and increase spending, then:
 a. aggregate demand will decrease.
  b. aggregate demand will increase.
  c. long-run aggregate supply will increase.
  d. long-run aggregate supply will decrease.


javimendoza7

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

b

Answer to Question 2

b


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