Entrepreneurs are at the heart of the market process

Which of the following statements is true?

A) For positive growth, consumption in an economy should always be less than savings. B) The greater the savings rate in an economy, the slower is the rate of capital accumulation. C) The greater the consumption expenditure in an economy, the faster is capital accumulation. D) Extremely high savings rate can be counterproductive for an economy in short term.

Which one of the following statements about the United States is true?

A. The United States has experienced inflation every year since 1800. B. Prior to World War II, the United States experienced deflation virtually every year; since World War II, the United States has consistently experienced inflation. C. Prior to World War II, the United States experienced periods of both deflation and inflation. D. Since World War II, the United States has experienced deflation.