If consumption spending increases by $10 million with no changes in net taxes, then:
A. private saving decreases.
B. public saving increases.
C. private saving increases.
D. public saving decreases.
Answer: A
You might also like to view...
How does a firm in monopolistic competition decide how much to produce and at what price to offer its product for sale?
What will be an ideal response?
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, as the economy moves from Point E to Point A, the opportunity cost of hybrid cars, measured in terms of motorcycles
A. increases. B. initially increases, then decreases. C. decreases. D. remains constant.
If the price elasticity of demand for a product is equal to 0.5, then a 10 percent decrease in price will:
A. increase quantity demanded by 0.5 percent. B. decrease quantity demanded by 5 percent. C. decrease quantity demanded by 0.5 percent. D. increase quantity demanded by 5 percent.
Refer to Table 15-4. What is Shakti's profit-maximizing output?
A) 4 units B) 5 units C) 6 units D) 7 units