Dissaving occurs when
A. the amount of consumption exceeds the amount of saving.
B. people save smaller and smaller amounts.
C. consumption spending exceeds disposable income.
D. saving exceeds consumption.
Answer: C
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Graphically, the full-employment, low-inflation, rapid-growth economy of the last half of the 1990s is depicted by a ________.
A. rightward shift of the aggregate demand curve along a fixed aggregate supply curve B. leftward shift of the aggregate demand curve and a leftward shift of the aggregate supply curve C. rightward shift of the aggregate supply curve along a fixed aggregate demand curve D. rightward shift of the aggregate demand curve and a rightward shift of the aggregate supply curve
Happy Cows is bidding on a large piece of farm equipment to process their dairy products. The managers of Happy Cows have estimated the additional profit Happy Cows will earn from the piece of equipment and have valued the equipment at $125,000. Happy Cows' value of the farm equipment is ________.
A) a common value B) an independent private value C) a public value D) a correlated value
In general, as productivity levels decrease, the potential for productivity growth
a. decreases. b. increases. c. remains the same. d. decreases if GDP decreases.
When tariffs are imposed, the losers include
A. Domestic consumers and the domestic government. B. Foreign consumers and domestic producers of import-competing goods. C. Domestic consumers and foreign producers. D. Domestic consumers and domestic producers of import-competing goods.