« previous next »

Author Question: National income is equal to gross domestic product minus: a. indirect business taxes. b. ... (Read 87 times)

P68T

  • Hero Member
  • *****
  • 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

  • Sr. Member
  • ****
  • Posts: 351
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

b


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

Throughout history, plants containing cardiac steroids have been used as heart drugs and as poisons (e.g., in arrows used in combat), emetics, and diuretics.

White fallow deer near Argonne National Labs in Westmont Illinois, USA. White fallow deer near Argonne National Labs in Westmont Illinois, USA.
A domestic Muscovy Duck with wings outstretched A domestic Muscovy Duck with wings outstretched
The constitutional division of Powers Between the National Government and the States The constitutional division of Powers Between the National Government and the States
Video: DNA fingerprinting Animation

For a complete list of videos, visit our video library