This topic contains a solution. Click here to go to the answer

Author Question: Saving is important for economic growth because A) a higher saving rate will decrease the ... (Read 156 times)

jenna1

  • Hero Member
  • *****
  • Posts: 568
Saving is important for economic growth because
 
  A) a higher saving rate will decrease the standard of living in the future.
  B) a higher saving rate increases investment spending.
  C) more saving increases consumption immediately.
  D) a higher saving rate reduces investment spending.

Question 2

According to the classical economists, an economy producing 15 trillion in goods and services
 
  A) may be producing too much since the needs of people may not be this great.
  B) could experience a permanent glut if no one has estimated the demand for goods and services in the economy.
  C) simultaneously generates the income necessary to purchase 15 trillion in goods and services.
  D) is supplying 15 trillion in goods and services, but could be demanding more or less than 15 trillion in goods and services for a very long period of time.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

maya.nigrin17@yahoo.com

  • Sr. Member
  • ****
  • Posts: 324
Answer to Question 1

B

Answer to Question 2

C





 

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

For a complete list of videos, visit our video library