In the period 1980-92, United States net national saving fell due to
A) large budget deficits and an increase in private saving.
B) small budget deficits and a decrease in private saving.
C) small budget deficits and an increase in private saving.
D) large budget deficits and a decrease in private saving.
D
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Marginal propensity to consume
A) is the amount of consumption that is independent of the level of disposable income. B) is the same as the break-even point. C) is the proportion of total disposable income that is consumed. D) gives the amount a person changes planned consumption for a change in real disposable income.
Falling interest rates can
A) raise the cost of buying new homes and fewer new homes will be purchased. B) lower the cost of buying new homes and fewer new homes will be purchased. C) raise the cost of borrowing for firms and decrease investment. D) increase a firm's stock price, which causes firms to issue more stock shares, and thus increases funds for investment.