According to Keynes, the consumption-income relationship is shown as C = a + bYD. Therefore, the saving-income relationship is

The annual income that can be consumed without diminishing the total capital assets of a nation is

(a) purchasing power parity income. (b) sustainable national income. (c) environmental capital stock. (d) per capita income.

When the president says that "High inflation rates are a much more serious economic problem than high unemployment rates," it is an example of

A) a normative statement. B) an empirically proven fact. C) a positive statement. D) an irrational argument.