In Figure 3-6 above, income and planned expenditure are equal at
A) point J.
B) point K.
C) point L.
D) all of the above.
B
You might also like to view...
Which of the following actions did Congress take in the 1930s, in an effort to prevent future financial crises like the stock market crash of 1929?
A. Formation of the FDIC B. Formation of the Federal Reserve Bank C. American Anti-Corruption Act D. Bubble Act
Which of the following is true about private goods?
A. They are rival in consumption. B. They can have external benefits. C. They are consumed by a single person or household. D. All of these are true.
When a household's disposable income falls to zero, what do we expect will happen?
A. The household's consumption spending also falls to zero. B. The household will maintain a positive level of saving. C. Consumption will fall to the level of autonomous consumption. D. The household will maintain its previous level of consumption.
Refer to the table below. Under a flexible exchange rate system, what will be the euro rate of exchange for one U.S. dollar?
The table below shows the supply and demand schedules for the European euro.
A. 0.95 euro
B. 1.00 euros
C. 1.11 euros
D. 1.23 euros