Suppose, as unrealistic as this might be, that disposable income is zero for a country. Given this information, we know that:
A) private saving is negative.
B) consumption must be zero.
C) the propensity to save must be zero.
D) private saving must be zero.
E) private saving must be positive.
Correct Answer:
Verified
Q1: Disposable income equals:
A) income minus both saving
Q2: Suppose the consumption equation is represented by
Q3: Use the following information below to answer
Q4: Suppose consumer confidence falls causing a decrease
Q5: Which of the following represents the autonomous
Q7: A decrease in taxes will cause:
A) a
Q8: A decrease in the marginal propensity to
Q9: For a closed economy, which of the
Q10: A decrease in the propensity to consume
Q11: A tax hike will cause:
A) a decrease
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