In the above figure, when real disposable income equals 600
A. real disposable income exceeds consumption.
B. there is dissaving.
C. consumption equals real disposable income.
D. consumption is less than disposable income.
Answer: C
You might also like to view...
The majority of the elderly can live comfortably on the assets they have accumulated
Indicate whether the statement is true or false
According to the text, in the century prior to the Revolution, ____________ were a "strategic factor in the overall economic advance of the colonies."
a. advances in technology b. advances in manufacturing c. advances in farm equipment d. advances in shipping
Economic analysis and policy are made more difficult by
a. having so much data to work with. b. inadequate and imperfect information. c. an incomplete consensus on the basic goals of social policy. d. the lack of public interest and opinion on economic questions. e. the major economic problems society faces.
The key explanation for the prevalence of waterway pollution is
a. the inclusion in production of all costs involving use of the waterway. b. that there are private costs but no costs to society. c. that waterways are often an open access, commonly owned resource. d. that waterways are subject to the market's normal control procedures.