Refer to the given figure. If the relevant saving schedule were constructed:
A. saving would be minus $20 billion at the zero level of income.
B. aggregate saving would be $60 at the $60 billion level of income.
C. its slope would be 1/2.
D. it would slope downward and to the right.
A. saving would be minus $20 billion at the zero level of income.
You might also like to view...
In the 1950s
A. more women were unemployed than underemployed. B. more women were underemployed than unemployed. C. about the same number of women were unemployed as underemployed.
Depository institutions do all the following EXCEPT
A) minimize the cost of obtaining funds. B) create liquidity. C) pool risks. D) create required reserve ratios.
When all prices are set equal to marginal costs,
A. consumers buy more than they should. B. consumers will get less utility. C. markets are giving correct signals to consumers. D. producers make excessive profits.
If the U.S. government runs a budget deficit (G? T), that deficit must be financed by an excess of
A. T over G. B. C over T plus G. C. investment by American businesses and individuals. D. S over I by American businesses and individuals, or by borrowing from foreigners.