An increase in expected future income will ________.
A. increase aggregate supply
B. increase aggregate demand
C. decrease aggregate demand and aggregate supply
D. increase aggregate demand and aggregate supply
Answer: B
Economics
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In the circular flow diagram, money flows from firms to households through the
a. product market b. payments market c. goods market d. services market e. resource market
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National income is
a. personal income of individuals minus the taxes they pay. b. gross national product minus depreciation. c. employee compensation, self-employment income, interest, rents, plus corporate profits. d. consumption, investment, government expenditures, and net exports.
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