During the 1990s the household savings rate in the United States as measured by NIPA
A) increased dramatically from two percent to almost six percent.
B) fell sharply and was only 0.7% by the year 2004.
C) increased only slightly because the federal budget deficit was finally eliminated.
D) fell to two percent when a federal budget surplus appeared.
Correct Answer:
Verified
Q3: Keynes' theory of consumption predicts that the
Q4: The higher the marginal propensity to consume,the
A)smaller
Q5: The _ nature of consumer durables expenditures
Q6: Keynes was concerned about an implication of
Q7: Suppose an individual were to win $1,000
Q9: The Keynesian consumption function implies that at
Q10: The change in the savings rate during
Q11: What is the main argument which explains
Q12: In the simple Keynesian consumption function,consumption demand
Q13: The largest component of total spending is
A)private
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