All-Inclusive Income Includes All of the Following EXCEPT

question 98

Multiple Choice

All-inclusive income includes all of the following EXCEPT

• A) investments by owners.
• B) losses on disposal of assets.
• C) dividend revenue.
• D) gains on the expropriation of property by the government.

---

Definitions:

Classical Dichotomy

The theoretical separation of nominal and real variables in the economy, suggesting that changes in the money supply only affect nominal variables and not real variables like output.

Monetary Neutrality

The economic theory suggesting that changes in the money supply only affect nominal variables and have no long-term effect on real variables such as output or employment.

Long-Run Aggregate-Supply Curve

The long-run aggregate-supply curve represents the total production of goods and services in an economy at different price levels, assuming all resources are fully utilized.

Misperceptions Theory

A theory suggesting that individuals' misperceptions about economic conditions can lead to fluctuations in economic output and employment.