Which of the following is not a reason for low savings in poor households:
a. low income
b. unstable income
c. irrational spending patterns
d. unfamiliarity with in financial institutions
e. all are good reasons for low savings
C
Economics
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Movement along the aggregate expenditure line is caused by a change in the level of income
a. True b. False Indicate whether the statement is true or false
Economics
Rational expectation theory implies that accurately anticipated change in aggregate demand: a. will increase RGDP in the long run
b. will affect RGDP and inflation only in the long run. c. may affect RGDP but not nominal GDP. d. will tend to be offset by the actions of input suppliers as they react to their inflation expectations.
Economics