If consumption exceeds income in a particular period, then:
A) saving is negative.
B) dissaving takes place, and can be financed by using past saving.
C) dissaving takes place, and can be financed by borrowing.
D) all of the above are true.
Correct Answer:
Verified
Q79: A bond is:
A) essentially the same thing
Q80: A promise to pay back a certain
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Q83: When consumption exceeds income during a period,
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Q87: Saving is:
A) income not spent on consumption.
B)
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