Saving in the economy:
A.
Occurs when current spending is less than current incomes
B.
Is generally not a determinant of future output
C.
And investment are essentially the same concept
D.
Occurs when current consumption is more than current output
A.
Occurs when current spending is less than current incomes
You might also like to view...
Suppose there's a 50% chance of a stock rising by 20% and a 50% chance of it falling by 20%. What is the expected rate of return on the stock?
A) -20% B) 0% C) 10% D) 20%
Several studies, some cited in the text, show that the price elasticities of demand for basic foods such as corn, potatoes, and milk are consistently
a. inconsistent over time b. less than one c. greater than one d. equal to one e. highly volatile
The account that records a nation's foreign economic transactions is called the
a. trade account. b. T account. c. exchange market. d. balance of payments.
An outward shift of the production possibilities curve represents
A. economic recession. B. economic contraction. C. economic growth. D. economic inflation.