Which of the following is consistent with Keynes's view of Say's law?
A) Saving increases by $3 billion, consumption falls by $3 billion, and investment rises by $3 billion.
B) Consumption rises by $3 billion and saving rises by more than $3 billion.
C) Saving rises by $3 billion, consumption falls by $3 billion, and investment rises by something less than $3 billion.
D) Saving rises by $3 billion, consumption falls by $3 billion, and investment rises by $6 billion.
E) none of the above
C
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What will be an ideal response?
Which of the following countries has medium to high levels of trade by world standards, but in 2008 had a moderate trade surplus?
a. Germany b. Japan c. the United Kingdom d. Sweden
A reserve requirement of 20 percent implies a potential money deposit multiplier of
a. 4. b. 5. c. 20. d. 25.
Which of the following statements is correct?
A. If the profit-maximizing rule is fulfilled, it necessarily follows that the cost-minimization rule is being fulfilled. B. The profit-maximizing and the cost-minimizing rules are such that the fulfilling of one has no bearing on the fulfilling of the other. C. If the profit-maximizing rule is fulfilled, the cost-minimization rule may or may not be fulfilled. D. If the cost-minimization rule is fulfilled, it necessarily follows that the profit-maximizing rule is being fulfilled.