The terms "saving" and "savings" differ in that
A) saving is a stock, and savings are a flow.
B) saving always exceeds savings.
C) savings are a stock, and saving is a flow.
D) savings can be negative, but saving cannot.
C
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The Citizens First Bank sells $100,000 of government securities to the Fed. This sale immediately
A) decreases the quantity of money. B) decreases the bank's assets. C) increases the bank's required reserves. D) decreases the bank's checkable deposits. E) increases the bank's reserves.
For a particular product, a demand elasticity is a quantitative measure that shows:
A) the percentage change in quantity demanded relative to the absolute change in any of the other variables included in the demand function for that product. B) the absolute change in quantity demanded relative to the percentage change in any of the other variables included in the demand function for that product. C) the percentage change in quantity demanded relative to the percentage change in any of the other variables included in the demand function for that product. D) the absolute change in quantity demanded relative to the absolute change in any of the other variables included in the demand function for that product.
Total producer surplus is measured by the total area under the equilibrium price and below the supply curve
a. True b. False Indicate whether the statement is true or false
In a given year, U.S. nominal GDP was $5,744 billion and the GDP chain price index is 93.6. Real GDP is:
A. $6,137 billion. B. $5,376 billion. C. $6,000 billion. D. $6,376 billion.