Which of the following statements is TRUE?
A. saving = personal income - consumption
B. investment = disposable income + consumption
C. saving = disposable income - consumption
D. saving = personal income + consumption
Answer: C
You might also like to view...
Which of the following statement is true?
a. The demand for Cheerios is less elastic than the demand for cereal b. The demand for gas is more elastic in the short-run than in the long-run c. The demand for puma shoes is more elastic than the demand for shoes d. Products with many complements have a more elastic demand
If the required reserve ratio is 10 percent, a $100 deposit will ultimately allow the banking system to create how much money?
A. $190. B. $90. C. $1,000. D. $100.
Increases in unemployment compensation:
What will be an ideal response?
If the price of music downloads was to decrease, then
A) the demand for MP3 players would decrease. B) the demand for MP3 players would increase. C) the supply of MP3 players would increase. D) the quantity of MP3 players demanded would decrease.