The terms "saving" and "savings" differ in that
A. saving is a stock, and savings are a flow.
B. savings can be negative, but saving cannot.
C. savings are a stock, and saving is a flow.
D. saving always exceeds savings.
Answer: C
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During the early 1920s, Germany experienced
A) negative inflation as a result of high money creation. B) hyperinflation as a result of high money creation. C) moderate price changes as a result of a recession. D) hyperinflation as a result of rapidly increasing demand for money. E) hyperinflation as a result of low money creation.
Moving upward along a downward sloping straight-line demand curve, as the price of the product goes up
A) the price elasticity of demand does not change. B) the price elasticity of demand goes from being inelastic to being elastic. C) the price elasticity of demand goes from being elastic to being inelastic. D) the price elasticity of demand goes from negative to positive.
An application of behavioral economics is:
A. time inconsistency. B. thinking irrationally about costs. C. forgetting the fungibility of money. D. All of these are applications of behavioral economics.
Fill in the table.
