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12.
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- An increase in savings implies a decrease in consumption and therefore a decrease in GDP.True/False and Explain .True/False and Explain An increase in savings implies a decrease in consumption and therefore a decrease in GDP.What does it mean by the logic: When output is too low, what needed is an increase in demand for goods and services. Investment is one component of demand, and saving equals investment. Therefore, if the government could just convince households to attempt to save more, then investment and output would increase.
- If there is an increase in the personal income tax rate, and people do not receive a pay increase, then disposable income will... decrease or increase Therefore, we can expect consumption spending to... decrease or increase and private saving to..... increase or decrease .True or False (Why?): An increase in the money supply tends to decrease expenditures on consumption and on investment, ceteris paribus.Explain how each of this will affect the consumption and saving schedules (as they relate to GDP) or the investment schedule, other things equal: A sizable increase in the retirement age for collecting Social Security benefits.
- Give typing answer with explanation and conclusion Which of the following statements concerning consumption is incorrect? A. WEALTHY PEOPLE CONSUME MORE THAN OTHER PEOPLE. B. EXPECTATIONS ABOUT FUTURE PRICES AFFECT CONSUMPTION. C. MARGINAL PROPENSITY TO CONSUME USUALLY DECREASES AS INCOMES RISE. D. SAVINGS RATES DECREASE AS INCOME INCREASES. E. TAX INCREASES REDUCE CONSUMPTION.The government raises taxes by $100 billion. If the marginal propensity to consume is 0.8 What happens to the following? Do they rise or fall? By what amounts?a. Public saving. b. Private saving. c. National savingGraphically illustrate (draw) and explain the effect of a sustained increase in savings on the growth of output
- Please explain how a rise in the household saving rate can cause a fall in GDP?Explain why investment (I) varies more from year-to-year than consumption (C).Economists often argue that a large increase in government purchases – such as for the military – will crowd out private-sector spending. Use the investment-saving diagram to defend or to refute their premise.