A.  Identify the following: __________1.       Existence of unemployed resources __________ 2.    Abstention from consumption __________ 3.    C + I (investment)

Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter13: Measuring The Economy's Performance
Section13.4: Business Fluctuations
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TEST I.   A.  Identify the following:

__________1.       Existence of unemployed resources

__________ 2.    Abstention from consumption

__________ 3.    C + I (investment)

__________ 4.    MPC + MPS

__________ 5.    Keenness to consume

__________ 6.     Keenness to save

__________  7.                C = f (Y)

__________ 8.    Y  -  C

__________ 9.                      1

                                        1-MPC

__________ 10.  y = c

__________ 11.  New ways of accomplishing the tasks

__________ 12. Household Savings plus Business Savings plus Government Savings

__________ 13. The process of adding to a nation’s stock of capital goods

__________ 14.  rapid structural and institutional transformations of entire societies

__________ 15. The introduction of a new good or a new production method

__________ 16. A firm’s stock of goods

__________ 17. T = f (Δ Y)

__________ 18. The most important determinants of savings

__________ 19. The most important determinants of investment

__________ 20. Gross Investment - depreciation

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