If the saving rate is 1 ,we know that
A)K / N will be at its highest level.
B)Y / N will be at its highest level.
C)C / N = 0.
D)all of the above

Name: If the saving rate is 1 ,we know that A)K / N will be at its highest level. B)Y / N will be at its highest level. C)C / N = 0. D)all of the above
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Question

Quizplus · Accepted Answer

If the saving rate is 1, then all of the income is saved and none is consumed. This means that C/N = 0, and Y/N = K/N, which is at its highest level.

If the Saving Rate Is 1 ,We Know That