National income equals GNP
A) less depreciation, less net unilateral transfers, less indirect business taxes.
B) less depreciation, plus net unilateral transfers, plus indirect business taxes.
C) less depreciation, less net unilateral transfers, plus indirect business taxes.
D) plus depreciation, plus net unilateral transfers, less indirect business taxes.
E) less depreciation, plus net unilateral transfers, less indirect business taxes.
E
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Plywood is used in the construction of houses. If the price of plywood rises, what happens to the supply of houses?
A) The supply increases so that the supply curve shifts rightward. B) The supply decreases so that the supply curve shifts leftward. C) The quantity supplied increases, but there is no shift in the supply curve. D) The quantity supplied decreases, but there is no shift in the supply curve. E) The quantity supplied decreases, and the supply curve shifts leftward.
During his presidency, Franklin Delano Roosevelt:
A. expanded employment by maintaining a balanced budget. B. reduced employment by increasing public spending. C. expanded employment by increasing public spending. D. reduced employment by maintaining a balanced budget.