Use the following saving schedule to answer the next question.
As income falls from level 3 to level 2, the amount of
A. dissaving increases.
B. saving increases.
C. dissaving decreases.
D. saving decreases.
Answer: D
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Consider the labor market below. In the absence of any government intervention, the equilibrium wage is ________ per hour, and the equilibrium employment level is ________ workers per hour.
A. $4; 200 B. $12; 200 C. $8; 400 D. $12; 600
The higher the default risk on a bond, the higher the interest rate will be
Indicate whether the statement is true or false
In the open-economy Keynesian model, it always has to be true that
a. planned savings equals planned investment. b. planned savings is greater than planned investment. c. planned savings is less than planned investment. d. none of the above.
Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________.
A. Rising; A B. Falling; A; C C. Falling; B: C D. Rising; A; C