If, for a given disposable income level, the disposable income line lies above the consumption curve, saving:
A. equals consumption.
B. is greater than zero.
C. is less than zero.
D. is equal to zero.
Answer: B
Economics
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If a graph has a line that shows the quantity of flat-screen televisions sold in the last five years, it is known as
A) a pie chart. B) a demand curve for outsourcing. C) a time-series graph. D) a supply curve of outsourcing.
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Under a fixed exchange rate regime, if the domestic currency is initially ________, that is, ________ par, the central bank must intervene to purchase the domestic currency by selling foreign assets
A) overvalued; below B) overvalued; above C) undervalued; below D) undervalued; above
Economics