The saving function shows the relationship between planned real saving and
A) real wealth.
B) real disposable income.
C) the average propensity to save.
D) the marginal propensity to save.
B
Economics
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The paradox of value can be resolved by distinguishing between
A) quantity demanded and quantity supplied. B) supply and quantity supplied. C) normative and positive statements. D) total utility and marginal utility.
Economics
When the production function is represented by Y = NA, labor productivity is represented by which of the following expressions?
A) 1/A B) NA C) A/Y D) Y/A E) none of the above
Economics