Personal income equals disposable personal income plus:
a. personal income taxes.
b. transfer payments.
c. dividend payments
d. personal savings.
a
Economics
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How does a tariff affect the domestic price of the import, the domestic consumption, the domestic production, and the quantity imported?
What will be an ideal response?
Economics
In the Keynesian model, if the actual price level is higher than the expected price level, then
a. output is above potential output. b. output is always at potential output. c. output is below potential output. d. output is moving towards potential output.
Economics