Refer to the above figure. Saving occurs at
A. only at point A.
B. to the left of point B.
C. only at point B.
D. to the right of point B.
Answer: D
You might also like to view...
Both the classical and monetarist models assume all of the following except
a. perfectly flexible prices. b. perfectly flexible wages. c. perfect information. d. vertical aggregate supply curve in the long-run.
Continuous rapid growth of the money supply relative to the growth of real output will most likely lead to
a. persistent inflation. b. low nominal interest rates. c. high rates of real economic growth. d. low unemployment.
A rise in government spending will cause a(n):
a. Increase in aggregate demand b. Decrease in prices c. fall in aggregate demand d. decrease in real domestic output
Suppose a monopolist produces output where total revenue is maximized. At that output, the price elasticity of demand for the monopolist's output is:
A. equal to one. B. greater than or equal to one. C. less than one. D. impossible to determine without data.