Author Question: If there is a change in the U.S. endowment of factors of production, then there would be A) ... (Read 39 times)

a0266361136 · **on:** Jun 30, 2018

If there is a change in the U.S. endowment of factors of production, then there would be

A) shifts in just SRAS. B) a movement along the SRAS curve.
C) a shift in both LRAS and SRAS. D) a shift in just LRAS.

Question 2

The average propensity to save (APS) is

A) the difference between the amounts of real disposable income consumed and saved.
B) the percentage of additional real disposable income that will go toward real saving.
C) the rate at which real savings changes over time.
D) the percentage of real disposable income saved.