If Y_t and C_t Equal a Consumer's Income and Consumption

question 118

Multiple Choice

If Y_t and C_t equal a consumer's income and consumption during a particular period, respectively, then saving during that period, S_t, is:

• A) Y_t - S_t.
• B) C_t - Y_t.
• C) Y_t - C_t.
• D) Y_t + C_t.

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Definitions:

Treaty Power

This refers to the power of a country, often exercised by its executive branch, to negotiate, sign, and ratify treaties with other countries, subject to legislative approval in some cases.

Senate

The upper chamber of the United States Congress, consisting of two senators from each state, responsible for making and passing federal laws.

Executive Agreement

An agreement made between the President and a foreign government that is less formal than a treaty and does not require Senate ratification.

Advice And Consent

A constitutional power given to the U.S. Senate to ratify treaties and approve presidential appointments to the executive and judicial branches.