An increase in price causes an increase in total revenue when demand is

According to the classical economists,

A. the interest rate will ensure that the amount households plan to save will equal the amount businesses desire to invest. B. the amount households plan to save is determined primarily by their wage. C. increasing government spending is the most reliable method of restoring full employment. D. unemployment is caused by too little spending.

In the Aggregate Demand - Aggregate Supply diagram in Figure 8.1, Box 3 should be filled with 

A. AS for Aggregate Supply. B. PI for Price Index. C. RGDP for Real Gross Domestic Product. D. AD for Aggregate Demand.

In the following question you are asked to determine, other things equal, the effects of a given change in a determinant of demand or supply for product X upon (1) the demand (D) for, or supply (S) of, X; (2) the equilibrium price (P) of X; and (3) the equilibrium quantity (Q) of X. Refer to the given information. A decrease in the number of consumers of product X will:

A. decrease S, decrease P, and decrease Q. B. increase D, increase P, and increase Q. C. decrease D, decrease P, and decrease Q. D. decrease D, decrease P, and increase Q.

The saving rate equals saving divided by:

A. income. B. wealth. C. liabilities. D. assets.