If intended investment is $1 billion and unwanted inventory is $0, then we know that
a. all of the following statements are true
b. saving = $0
c. consumption = $1 billion
d. the economy will grow
e. actual investment = $1 billion
E
Economics
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In the market for Canadian dollars measured in US dollars, if the price of a Canadian dollar is 0.90 cents US, a US dollar is
a. 0.90 cents Canadian b. 1 Canadian dollar c. 1.11 Canadian dollars d. 1.05 Canadian dollars
Economics
The demand curve faced by a pure monopolist:
A. may be either more or less elastic than that faced by a single purely competitive firm.
B. is less elastic than that faced by a single purely competitive firm.
C. has the same elasticity as that faced by a single purely competitive firm.
D. is more elastic than that faced by a single purely competitive firm.
Economics