Identify the correct statement
a. Autonomous consumption equals saving when disposable income is equal to zero.
b. Saving is equal to consumption when autonomous consumption is zero.
c. The savings function always has a positive intercept when autonomous consumption is positive.
d. The consumption and saving function intersect each other when disposable income is zero.
e. Autonomous consumption is positive even when disposable income is zero.
e
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Empirical evidence suggests that the United States ran close to a balanced budget during the World War II
a. True b. False Indicate whether the statement is true or false
Sellers who were originally willing to supply 800 units of a good at $4 per unit are now willing to supply 600 units at $4 per unit. That change would be described as: a. an increase in supply
b. a decrease in supply. c. an increase in quantity supplied. d. a decrease in quantity supplied.