If saving exceeds investment, then the level of GDP will
A. increase.
B. remain constant.
C. decrease.
D. rise above potential GDP.
Answer: C
You might also like to view...
Refer to Figure 24-2. Ceteris paribus, a decrease in productivity would be represented by a movement from
A) SRAS1 to SRAS2. B) SRAS2 to SRAS1. C) point A to point B. D) point B to point A.
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.
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
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