Author Question: The difference between savings and saving A) is nonexistent. B) is that savings is measured in ... (Read 61 times)

nenivikky · **on:** Jun 30, 2018

The difference between savings and saving

A) is nonexistent.
B) is that savings is measured in real terms while saving is measured in nominal terms.
C) is that savings is a stock concept and saving is a flow concept.
D) is that savings occurs when consumption does not and saving is used to purchase consumption goods.

Question 2

According to classical theory, any changes in aggregate demand will

A) have no affect on prices or real Gross Domestic Product (GDP).
B) lead to changes in both real Gross Domestic Product (GDP) and the price level.
C) lead to changes in the price level.
D) lead to changes in real Gross Domestic Product (GDP), but not in the price level.