Which of the following have a positive relationship with household saving?
I. the real interest rate
II. disposable income
III. expected future income
A) I and II
B) II only
C) II and III
D) I, II and III
A
Economics
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When resources are assigned to inappropriate tasks, that is, tasks for which they are not the best match, the result will be producing at a point
A) where the slope of the PPF is positive. B) where the slope of the PPF is zero. C) inside the PPF. D) outside the PPF.
Economics
A nominal wage is: a. always equal to the legal minimum wage
b. the same as the efficiency wage. c. measured in terms of the amount of goods and services it can purchase. d. measured in current dollars rather than in constant dollars. e. measured in constant dollars rather than in current dollars.
Economics