Refer to the Information Provided in Figure 23

question 215

Multiple Choice

Refer to the information provided in Figure 23.3 below to answer the question(s) that follow. Figure 23.3
-Refer to Figure 23.3. Which of the following statements is false?

• A) Aggregate saving is negative for all income levels below $400 billion.
• B) For all aggregate income levels above $200 billion, aggregate consumption is less than aggregate income.
• C) If consumption is the only expenditure, this economy would be in equilibrium at an aggregate income level of $200 billion.
• D) Saving is negative at all income levels below $200 billion.

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Definitions:

Method of Payment

This refers to the way in which a payment is made for a transaction, which can include cash, credit card, cheque, or electronic transfers.

Single Delivery

Refers to the process where all goods under a contract are delivered at once, rather than in separate instalments.

Installments

Payments made over time in parts or fractions towards settling a total debt or purchase price.

Commercial Impracticability

A doctrine under which a party may be released from a contract due to unforeseen and hardship-causing events that make the contract's performance infeasible.