If the level of consumption is? $120 billion and disposable income is? $150 billion, then the
A. APC? = 0.8 and saving is positive.
B. APC? = 0.8 and saving is negative.
C. APC? = 0.75 and saving is positive.
D. APC? = 0.75 and saving is negative.
Answer: A. APC? = 0.8 and saving is positive.
Economics
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Which of the following is likely to happen if investors in an economy become optimistic following the discovery of huge mineral reserves?
A) Unemployment will increase. B) Consumption will increase. C) Real wages will fall. D) Prices will fall.
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Economics