Which of the following goods would be likely to be bought in the same quantity even if it doubled in price?

If the people of a country are expecting an increase in the rate of economic growth, they will increase their rate of saving

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

Which of the following is NOT correct?

a. Many economist oppose increases in how much people save. b. Saving is an important long-run determinant of a nation's standard of living. c. A change in tax laws that encouraged greater saving would lower interest rates. d. Taxes on interest income can substantially decrease the future value of current saving.