The difference between savings and saving
A) is nonexistent.
B) is that savings is measured in real terms while saving is measured in nominal terms.
C) is that savings is a stock concept and saving is a flow concept.
D) is that savings occurs when consumption does not and saving is used to purchase consumption goods.
C
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Lessons that economists and policy makers have learned from the recent global financial crisis include
A) Developments in the financial sector have a far greater impact on economic activity than was earlier realized. B) The zero lower bound on interest rates can be a serious problem. C) The cost of cleaning up after a financial crisis is very high. D) Price and output stability do not ensure financial stability. E) All of the above.
The coordinates of point A are 30 units of X and 70 units of Y. The coordinates of point B are 28 units of X and 76 units of Y. With X on the horizontal axis and Y on the vertical axis, the slope of the line between points A and B is
A) + 3.00 B) + 0.67 C) + 0.33 D) - 3.00 E) - 0.33