Use the following saving schedule to answer the next question. Dissaving occurs when disposable income is
A. equal to level 2.
B. less than level 2.
C. equal to level 3.
D. greater than level 2.
Answer: B
Economics
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In a simple economy without government or foreign trade, any income not consumed is called
A) net investment. B) depreciation. C) saving. D) investment.
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The unemployment rate:
A. increases before the start of a recession. B. decreases during recessions. C. increases only after the recession has ended. D. increases during recessions.
Economics