When the natural economic growth process begins in a capitalist economy A. the prices of capital goods fall relative to prices of consumer goods B. the demand for saving increases ( i.e. - the demand curve for saving shifts to the right on the market diagram) C. the consumption/savings ratio rises D. the quantity of consumer goods produced temporarily decreases
When the natural economic growth process begins in a capitalist economy A. the prices of capital goods fall relative to prices of consumer goods B. the demand for saving increases ( i.e. - the demand curve for saving shifts to the right on the market diagram) C. the consumption/savings ratio rises D. the quantity of consumer goods produced temporarily decreases
Chapter2: Productions Possibilities, Opportunity Costs, And Economic Growth
Section: Chapter Questions
Problem 15SQ
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When the natural
A. the prices of capital goods fall relative to prices of consumer goods
B. the demand for saving increases ( i.e. - the demand curve for saving shifts to the right on the market diagram)
C. the consumption/savings ratio rises
D. the quantity of consumer goods produced temporarily decreases
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