• Under which circumstance will the level of national income expand?

Select one:

A.If government spending is reduced.

B.If injections increase.

C.If taxes increase.

D.If savings expand.

E.None of these.

• What is the product market?

Select one:

A.The market for consumer goods and services and investment goods.

B.The market for consumer goods and services, investment goods and capital goods.

C.The market for consumer goods and services.

D.The market for goods but not services

• What is the distinction between money and income?

Select one:

A.They are synonymous.

B.Income is a flow concept and money is a stock concept.

C.Both can be used to purchase goods and services.

D.Income is a stock concept and money is a flow concept.