Use the following consumption schedule to answer the next question.
At income level 1, the amount of saving is
A. negative.
B. positive.
C. zero.
D. not measurable.
Answer: A
Economics
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Which of the following increases aggregate supply in the short-run, everything else held constant?
A) an increase in the price of crude oil B) a successful wage push by workers C) expectations of a higher inflation D) a technological improvement that increases worker productivity
Economics
The field of macroeconomics developed when economists looked for causes of:
A. the wealth of nations. B. the Great Depression C. poverty and inflation. D. World War I.
Economics