Intended investment is
a. always greater at a national income of $800 billion than at a national income of $500 billion
b. always smaller at a national income of $500 billion than at a national income of $800 billion
c. directly proportional to consumption spending
d. independent of the level of national income
e. always equal to intended saving
D
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Antitrust legislation prohibits a person from being on the board of directors of more than one firm at any time
Indicate whether the statement is true or false
In a perfectly competitive market buyers want to buy 20,000 units and sellers want to sell 20,000 units of a product when the price is $50 per unit. ABC Corporation, one seller in this market,
A. will sell a fixed number of units regardless of how the price changes. B. faces a downward-sloping demand curve for its product. C. will maximize profit by selling at a price less than $50. D. faces a perfectly elastic demand curve at a price of $50.