From a microeconomic perspective, the relatively low U.S. household saving rate contributes to an increasing inequality of wealth resulting from:
A. the higher saving rate of low-income households.
B. the higher national saving rate.
C. the lower saving rate of low-income households.
D. the lower national saving rate.
Answer: C
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If the supply of and demand for loanable funds both shift left, which of the following necessarily happens?
a. the equilibrium interest rate falls b. the equilibrium interest rate rises c. the equilibrium quantity of loanable funds rises d. the equilibrium quantity of loanable funds falls
The break-even point refers to
A. a point at which planned real consumption is greater than real disposable income. B. the point at which planned real consumption equals real disposable income. C. a zero amount of autonomous consumption. D. the maximum amount of dissaving a person can experience.