If the personal saving rate is 20% and personal saving is $20 billion, the value of personal disposable income is

The deliberate change in taxes, transfer payments, or government expenditures to achieve macroeconomic policy objectives is known as

A) expansionary fiscal policy. B) contractionary fiscal policy. C) discretionary fiscal policy. D) automatic stabilizers.

The data show that the American national income grew fast enough—even when immigration rates are taken into account—to produce rising income per capita between 1860 and 1910

Indicate whether the statement is true or false