Which of the following is consistent with the classical view of Say's law?
A) Saving increases by $2 billion and investment decreases by $2 billion.
B) Saving increases by $2 billion and consumption rises by $2 billion.
C) Saving increases by $2 billion, consumption decreases by $2 billion, and investment rises by something less than $2 billion.
D) Saving decreases by $2 billion and consumption decreases by more than $2 billion.
E) none of the above
E
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Reasons for the ECB acceding to a bailout of troubled financial sectors in Eurozone nations include all the following, EXCEPT:
A) the desire to recognize bad loans by writing them off to protect the fragile fiscal situation of the troubled nations. B) the desire to prevent a loss of confidence in euro-denominated debt. C) a desire to protect core EU banks. D) a desire to protect the collateral assets in the ECB portfolio.
Microsoft is a dominant producer of operating system software for personal computers because
A. Linux and OS2 were unstable and vulnerable to frequent security failures. B. the U.S. Justice Department has always encouraged Microsoft to dominate its market. C. its Windows product was one of the first to appear in the market. D. all of the above.