In the above figure, when real disposable income equals 600
A) there is dissaving. B) real disposable income exceeds consumption.
C) consumption is less than disposable income. D) consumption equals real disposable income.
D
You might also like to view...
What is measured by the price elasticity of supply?
A) The price elasticity of supply measures how responsive producers are to changes in the price of other goods. B) The price elasticity of supply measures how responsive producers are to changes in income. C) The price elasticity of supply measures how responsive producers are to changes in the price of a product. D) The price elasticity of supply is a measure of the slope of the supply curve. E) The price elasticity of supply measures how responsive producers are to changes in the cost of producing a product.
The big-push strategy of development relies mainly on private incentives and a laissez- faire government policy
Indicate whether the statement is true or false