FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

If desired saving is greater than desired investment, how will the goods market in an closed economy adjust? a.r rises and saving rises b.r falls

If desired saving is greater than desired investment, how will the goods market in an closed economy adjust?

a.r rises and saving rises

b.r falls and saving falls

c.r rises and investment falls

d.r falls and investment falls

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Law With UCC Applications

Business Law With UCC Applications

Authors: Gordon Brown, Paul Sukys

13th Edition

0073524956, 978-0073524955

Students also viewed these Economics questions

Question

★★★★★
Movies and television shows are jobs. Some are successful, some are not. Studios must decide what to do with the cost of unsuccessful shows (flops). Some studios have been criticized for assigning...

Answered: 1 week ago

Question

★★★★★
In the article Smoking and risk of myocardial infarction in women and men: longitudinal population study published in the British Medical Journal (Prescott et al., 1998), the authors reported the...

Answered: 1 week ago

Question

★★★★★
With milk sales sagging of late, The Milk Processor Education Program (MPEP) decided to move on from the famous "Got Milk" ad slogan in favor of a new one, "Milk Life." The new tagline emphasizes...

Answered: 1 week ago

Question

★★★★★
Radakovich Corporation has provided the following data from its activity-based costing system: The company makes 230 units of product F60N a year, requiring a total of 480 machine-hours, 50 orders,...

Answered: 1 week ago

Question

★★★★★
4. Blue Lake Marina sells a make of cruiser for $16,800. This regular selling price covers overhead of 15% of cost and a normal net profit of 10% of cost. The cruisers were marked with a price that...

Answered: 1 week ago

Question

★★★★★
Renaldo's Bakery makes bread for the local restaurants. Gennaro's job is to inspect the bread for defects, including size, holes, slice width, hardness, and softness. Each loaf of bread could have as...

Answered: 1 week ago

Question

★★★★★
An archer wants to test the speed of his shot (arrow) using limited sources. During the experiment, he hits a solid ball made up of clay soil having mass 0.4 kg kept at a height of 80 m on the...

Answered: 1 week ago

Question

★★★★★
The term (2 points) refers to a broad range of tools and activities used to explore big data in order to make forecasting models that will inform decision-making. a) Information system b) Knowledge...

Answered: 1 week ago

Question

★★★★★
Jim decided to sell his business because he wanted to retire. Through their lawyers, Mike agreed to buy Jim's business for $500,000. A certified cheque was specified as the method of payment for the...

Answered: 1 week ago

Previous Question Next Question