At a level of real disposable income of $1,000, suppose consumption is $2,000. Given this information, we know with certainty that saving equals
A)$0.
B)$2,000.
C)-$2,000.
D)-$1,000.

Name: At a level of real disposable income of $1,000, suppose consumption is $2,000. Given this information, we know with certainty that saving equals A)$0. B)$2,000. C)-$2,000. D)-$1,000.
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Question

Quizplus · Accepted Answer

Saving is calculated as disposable income minus consumption. Here, saving equals $1,000 - $2,000, which is -$1,000.

At a Level of Real Disposable Income of $1,000, Suppose