An increase in saving
A. decreases the amount of resources available for investment.
B. increases the amount of resources that can be devoted to the purchase of capital goods.
C. reduces real GDP by decreasing consumption.
D. increases a country's present standard of living.
Ans: B. increases the amount of resources that can be devoted to the purchase of capital goods.
Economics
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Endogenous variables tend to be less volatile than exogenous ones
Indicate whether the statement is true or false
Economics
Market exchange is typically an exchange of goods for money, as opposed to goods for goods, because use of money solves the problem of
A) the absence of a coincidence of wants. B) the absence of a double coincidence of wants. C) a coincidence of needs. D) tax evasion.
Economics