Which of the following influences household saving?
I. The real interest rate
II. Disposable income
III. Expected future income
A) I only
B) I and II
C) I and III
D) I, II, and III
D
Economics
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A common definition of a recession is a time with
A) a decline in the price level. B) a decline in interest rates. C) a decrease in real GDP for two or more successive quarters. D) a decrease in real GDP for two or more successive years.
Economics
Full employment means
A) zero unemployment. B) only cyclical unemployment exists. C) only frictional and structural unemployment exists. D) None of the above answers are correct.
Economics