What is TRUE when the credit market is in equilibrium?
A) The legal minimum wage equals the actual wage.
B) Desired saving equals desired investment.
C) Desired employment equals the number of jobs available.
D) Desired consumption spending equals the total of saving plus investment.
B
Economics
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When government outlays exceed tax revenue, the situation is called a budget
A) with a negative balance. B) deficit. C) surplus. D) debt. E) with no balance.
Economics
High-income countries have ________ and ________ as compared to developing countries
A) high rates of savings; low rates of growth B) high rates of savings; high rates of growth C) low rates of savings; high rates of growth D) low rates of savings; low rates of growth
Economics