The federal government's revenue has declined steadily relative to GDP since 1960

If the exchange rate goes from $2.00 = 1 € to $1.80 = 1 €, the result is a

A) 10% depreciation of the euro with respect to the dollar. B) 10% depreciation of the dollar with respect to the euro. C) 10% appreciation of the euro with respect to the dollar. D) None of the above.

Why is the paradox of thrift considered to be a paradox? Because an increase in saving causes

a. consumption to fall, causing the equilibrium level of national income to fall, thus leaving saving unchanged or even lower b. consumption to also rise, causing the equilibrium level of national income to rise, resulting in higher than anticipated saving c. investment to also rise, causing the equilibrium level of national income to rise,resulting in higher than anticipated saving d. investment to fall, causing the equilibrium level of national income to fall, thus leaving saving unchanged e. consumption to fall, causing the equilibrium level of national income to rise, resulting in higher than anticipated saving