At a level of real disposable income of 0, consumption is $4000. Then
A) saving equals 0.
B) saving equals -$4000.
C) savings equal -$4000.
D) saving equals $4000.
B
You might also like to view...
The multiplier effect relates changes in
A. disposable income to changes in consumption. B. the price level to changes in real GDP. C. the interest rate to changes in investment. D. spending to changes in real GDP.
When each member of a group has transitive preferences but the collective preferences of the group are not transitive, this is an anomaly known as the ________
Fill in the blank(s) with correct word
If net interest and net transfers are $0, and a nation's purchases of foreign goods and services are $3.5 billion while its sales of goods and services to foreigners are $4.5 billion
A) it has a $1 billion surplus in its balance of payments. B) it has a $1 billion deficit in its current account. C) it has a $1 billion surplus in its current account. D) its capital and financial account shows a surplus.
Elaine spends $10 a week on pizza and Pepsi. The price of pizza is $2 a slice and the price of a Pepsi is $2. The table shows Elaine's total utility from pizza and Pepsi
Elaine maximizes her total utility by buying ________ slices of pizza and ________ Pepsis a week. A) 5; 0 B) 0; 5 C) 3; 2 D) 2; 3