The regular income a person expects to earn annually, which may differ by some unexpected gain or loss from the actual income earned, is known as

a. disposable income
b. permanent income
c. transitory income
d. relative income
e. intended income

Economics

What is the crowding-out effect and how does it work?

What will be an ideal response?

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Economics

Macroeconomic models are

A) never wrong. B) accurate descriptions of the economy. C) simple abstractions of reality. D) consistent with all economic data.

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Economics