A significant feature of developing countries is that they use their labor less efficiently than developed countries

The 45-degree line used in a consumption function represents:

a. the saving function. b. all points at which saving equals disposable income. c. all points at which consumption equals saving. d. all points at which all disposable income is consumed. e. the aggregate income of the economy.

Inflation necessarily distorts saving when either real interest income or nominal interest income is taxed

a. True b. False Indicate whether the statement is true or false