If saving exceeds investment, then the level of GDP will

A. increase.
B. remain constant.
C. decrease.
D. rise above potential GDP.


Answer: C

Economics

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John earned a PhD in biomedical engineering, and works full-time as a faculty member at the local university. He also does some private consulting work on the side. He would like to give up teaching and do consulting full-time, but he fears there isn't enough demand for it. The best way to describe John is to say he is:

A. a discouraged worker. B. underemployed. C. overemployed. D. employed.

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In the United States, the unemployment rate for women is roughly the same as the unemployment rate for men

a. True b. False Indicate whether the statement is true or false

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The vertical intercept of the consumption function is used to determine the break-even level of real disposable income

a. True b. False Indicate whether the statement is true or false

Economics