Refer to the scenario above. Which of the following statements will be true?
A) Economy A's steady state equilibrium will lie to the right and below economy B's steady state equilibrium.
B) Economy A's steady state equilibrium will lie to the right and above economy B's steady state equilibrium.
C) Economy A's steady state equilibrium will lie to the left and below economy B's steady state equilibrium.
D) Economy A's steady state equilibrium will lie to the left and above economy B's steady state equilibrium.
C
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In recent years, the number of private, for profit, _________________ has increased dramatically.
Fill in the blank(s) with the appropriate word(s).
Disposable personal income is defined as
A) personal income less personal taxes. B) personal income less personal taxes plus indirect sales taxes. C) personal income less transfer payments plus personal taxes. D) personal income less depreciation.