In the simple Keynesian model, total savings equals
a. total investment minus the budget deficit.
b. total planned and unplanned investment.
c. planned investment.
d. planned investment plus the budget deficit.
e. none of the above.
B
Economics
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Which of the following is part of the cost of income transfers?
A) Tax-collecting agencies cost money to administer. B) Taxing incomes encourages people to work harder. C) Income transfers make the results more unfair. D) Income transfers increase the size of the economic pie. E) Income transfers are a similar to allocating resources using a lottery.
Economics
The points outside the production possibilities frontier are
A) attainable. B) efficient. C) inefficient. D) unattainable.
Economics