Which of the following is included in personal income but not in national income?
a. Compensation for workers.
b. Proprietors' income.
c. Corporate profits.
d. Social Security payments.
e. Rent.
d
Economics
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Refer to the diagram, in which Q f is the full-employment output. A contractionary fiscal policy would be most appropriate if the economy's present aggregate demand curve were at:
A. AD 0 .
B. AD 1 .
C. AD 2 .
D. AD 3 .
Economics
An overall rise in prices in the economy is called:
A. core inflation. B. core deflation. C. inflation. D. deflation.
Economics