At very low levels of disposable income,
A. consumption is greater than disposable income.
B. disposable income is greater than consumption.
C. people save most of their incomes.
D. consumption is negative.
A. consumption is greater than disposable income.
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China's State Council has encouraged more spending to "improve transportation links and other infrastructure...." It will also "step up its spending on vocational training and other educational programs for adults." www.nytimes
com, Keith Bradsher, October 19, 2008 Suppose that capital goods are on the vertical axis while consumption goods are on the horizontal axis of China's PPF. As a result of enacting the policies, China's PPF will A) shift outward. B) shift inward. C) rotate outward. D) become flatter.
The term "currency drain" refers to an increase in currency held outside banks
Indicate whether the statement is true or false