The personal saving rate is
A. the difference between personal income and disposable personal income.
B. the percentage of disposable personal income that is saved.
C. the difference between total personal spending and personal saving.
D. the ratio of personal income to personal saving.
Answer: B
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Why did the fall in housing prices lead to bank failures in the U.S. during 2007-2009?
What will be an ideal response?
A corporation is often financed through stocks and bonds
a. True b. False Indicate whether the statement is true or false
A 10 percent rise in the price of housing reduces the quantity demanded of housing by 3 percent. We can conclude that the demand for housing is:
A. inelastic. B. elastic. C. unitary elastic. D. perfectly elastic.
Suppose we find that the price elasticity of demand for a product is 3.5 when its price is increased by 2 percent. We can conclude that quantity demanded:
A. increased by 7 percent. B. decreased by 7 percent. C. decreased by 9 percent. D. decreased by 1.75 percent.