In the terminology of macroeconomics, what's the difference between a saver and an investor?
A saver earns more than he spends and uses the rest to make bank deposits or buy financial assets such as stock or bonds. Investment refers to the purchasing of new capital goods.
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New Keynesian inflation dynamics can account for sluggish responses of
A) real GDP to variations in aggregate supply. B) real GDP to variations in aggregate demand. C) inflation to variations in aggregate supply. D) inflation to variations in aggregate demand.
On the Micronesian island of Yap, it is easier to make purchases with stone wheel currency than it is to make purchases with paper currency including the U.S. dollar
a. True b. False Indicate whether the statement is true or false
In an economy with a population of 100 million persons, 50 million hold civilian jobs and 20 million are not working but are looking for a job. The unemployment rate is
A) 28.6%. B) 20% C) 25% D) 13.33% E) There is not enough information to answer this question.
When the price of oysters decreases 25%, quantity demanded is unchanged. The price elasticity of demand for oysters is
A. unitary elastic. B. inelastic. C. elastic. D. perfectly inelastic.