National income equals
A) wages + salaries + corporate profits + net income.
B) compensation of employees + proprietors' income + corporate profits + rental income + net interest.
C) compensation of employees + proprietors' income + indirect business taxes + rental income + net interest.
D) the monetary value of fringe benefits + tips + wages + profits + salaries.
E) none of the above
B
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An increase in incomes in other countries, other things equal, would tend to cause U.S
a. exports to decrease and imports to increase. b. exports to increase and imports to increase. c. imports to decrease and exports to decrease. d. imports to increase and exports would remain unchanged. e. imports to remain unchanged and exports to increase.
Explain how a change in the reserve ratio affects the money supply.
What will be an ideal response?