The expected return on dollar deposits in terms of foreign currency can be written as the ________ of the interest rate on dollar deposits and the expected appreciation of the dollar

Which of the following is the correct equation for computing personal income?

A) Personal income = National income + undistributed profits - social insurance taxes - corporate profits taxes + transfer payments. B) Personal income = National income - undistributed profits - social insurance taxes + corporate profits taxes + transfer payments C) Personal income = National income - taxes D) Personal income = National income - undistributed corporate profits - social insurance taxes - corporate profits taxes + transfer payments E) none of the above

The fact that output gaps will not last indefinitely, but will be closed by rising or falling inflation is the economy's:

A. income-expenditure multiplier. B. self-correcting property. C. short-run equilibrium property. D. long-run equilibrium property.