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    Macroeconomics Study Set 40
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    Exam 11: Expenditure Multipliers: They Keynesian Model
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    Disposable Income Is Equal to
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Disposable Income Is Equal to

Question 54

Question 54

Multiple Choice

Disposable income is equal to


A) aggregate income minus taxes plus government expenditures on goods and services.
B) consumption expenditure minus taxes plus transfer payments.
C) aggregate income minus taxes plus transfer payments.
D) aggregate income plus transfer payments.

Correct Answer:

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