Classical macroeconomists assert that "saving" is the same as "not spending at all"
Indicate whether the statement is true or false
False
You might also like to view...
In the above figure, what is autonomous consumption?
A) $3.0 trillion B) $1.0 trillion C) $0.0 trillion D) $2.0 trillion
In a perfectly competitive market, an individual ________ has ________ influence over the market price of the good or service being sold
A) buyer; basically no B) seller; basically no C) buyer; a great deal of D) seller; a great deal of E) Both A and B are correct.
Alternate Outputs from One Day's Labor Input: United States: 12 bushels of wheat or 3 yards of textiles. Great Britain: 3 bushels of wheat or 12 yards of textiles. The opportunity cost of one bushel of wheat in Great Britain is a. 1 yard of textiles
b. 3 yards of textiles. c. 12 yards of textiles. d. 4 yards of textiles.
Since the minimum food budget used to determine the poverty line is not adjusted for changes in the standard of living, it is, in principle:
A. a relative measure of poverty. B. an optimal measure of poverty. C. an inaccurate measure of poverty. D. an absolute measure of poverty.