Between 1960 and 2010 our gross savings rate
A. rose about one third.
B. stayed about the same.
C. declined by about 50%.
D. declined by about 20%.
C. declined by about 50%.
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Which of the following is one of the most important benefits of money in an economy?
a. Money allows for the exchange of goods and services. b. Money allows for the accumulation of wealth. c. Money makes exchange easier, leading to more specialization and higher productivity. d. Money encourages people to produce all of their own goods (self-sufficiency) and therefore increases economic stability.
Any change that causes an increase in the demand for labor at a given wage rate will be represented by a(n) ________, assuming all else equal
A) rightward shift of the labor demand curve B) leftward shift in the labor demand curve C) downward movement along the labor demand curve D) upward movement along the labor demand curve
As shown in Figure 7-4, an autonomous decline in expectations of future profitability causes the
a. IS schedule to shift to the left. b. IS schedule to shift to the right. c. LM schedule to shift to the right. d. LM schedule to shift to the left.
If an economy produces 1,000 units of output with a price level of $5 and the money supply (M) is $1,000, velocity is:
A. 5. B. 200. C. 50. D. 2.