Which of the following must be true?
a. Savings must equal investment in an open economy.
b. Savings must equal investment in a closed economy.
c. Savings must equal consumption in an open economy.
d. Savings must equal consumption in a closed economy.
b
Economics
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Suppose you place $1,000 into a savings account that will pay you 4% interest per year. What will be the future value of the savings account in 10 years?
Economics
Refer to the budget line shown in the diagram. If the consumer's money income is $20, which of the following combinations of goods is unattainable?
A. 4 units of C and 6 units of D.
B. 5 units of C and no units of D.
C. 1 unit of C and 8 units of D.
D. 2 units of C and 6 units of D.
Economics