Personal income minus direct taxes is
a. disposable personal income
b. net national income
c. proprietors' income
d. indirect business taxes
e. savings income
A
Economics
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In a period of hyperinflation, the velocity of circulation increases because
A) the real interest rate rises. B) households and firms spend money as soon as they receive payment. C) the nominal interest rate decreases. D) money is valuable everyone wants it. E) potential GDP increases.
Economics
One reason De Beers has lost some of its monopoly power is:
A. pressure from consumers. B. antitrust laws C. competition from Canadian and Russian diamond mines. D. All of these statements are true.
Economics