In an administrative command economy, a price below equilibrium

Simon Kuznets's research in his National Income and Its Composition showed that

a. Keynes's absolute income hypothesis is empirically correct b. budget deficits crowd out consumption spending c. a nation's MPC tends to remain fairly constant regardless of the absolute level of national income d. as national income increases, consumption spending increases, but by diminishing amounts e. consumption and income cannot be linked in any meaningful fashion

A credit item is an item for which a country must pay.

Answer the following statement true (T) or false (F)